Hello BP, I work with someone who owns a commercial property (14 unit) in trenton mi, 48183, brownstown township area, and i believe he's renting it way below what he could, theres a lot of value add. dont get me wrong he keeps it nice with turn overs, reapainting, flooring, etc. however there's things like heating and cooling that can be updated, the exterior still has lead paint that is pealing off. what im curious about is that i might want to see if hes interested in selling, he's close to my dad and he owned this property for awhile and self manages it so he might be more motivated tp get rid of it. i guess the question im trying to ask is how do i male sure how much the property worth. i listen to all the podcasts and read a few articles, books, etc and i know that commercial property dont go off comps but how do i really understand how much i could pay for it. also any pointers or tips are very appreciated. im also open to partner with someone to get the hang of things. looking forward to all the feedback!

Not for nothing, but could you title your posts that doesn't sound like a buzzfeed clickbait article?

But here is a good article on the subject of texting tenants and legal considerations...http://www.rentingmyhouse.net/texting-tenants-prac...

Here's a Zillow article on figuring out depreciation https://www.zillow.com/blog/rental-property-deprec...So, again, please check with a professional, but it looks like you should be ok. 

Just finished this short article and think this applies to Real Estate Investing.

@Kevin Perk work a good article about the issues that can come up in your rental after the rehab:http://www.biggerpockets.com/renewsblog/2013/06/24/what-is-the-rehab-after-the-rehab/Lots of thing can come up once someone is living there and using things everyday that you don't see with short tests.The guy can list it for whatever he wants but as we are all saying a legit investor will run their own numbers and likely will not use that repair number and will offer (Or just not offer) accordingly.

Nice article.

Hey @Jake Kucheck I'm going to be the first to admit - I am lost reading that article!

According to an article in Forbes.com, the most important life skill could surprise you.

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideOh - and be sure to set up some Keyword Alerts- especially for "Mc Kinney" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!