However your situation becomes a trickier case study since these properties first served as your primary residence which could provide additional benefits form a tax perspective not available to an owner of investment real estate and nobody has a crystal ball and knows the property with certainty will transition into an investment property. 

@Eric GreenbergHey Eric I can definitely provide details can you message me?

**Faster Turnaround**: Brokers can usually provide a BOV/BPO more quickly than the time it takes to get a full appraisal, which can be useful in time-sensitive situations[1][2][3].3.

Close to Seattle & Eastside providing good location for those working in those areas How did you find this deal and how did you negotiate it?

Things like your available liquidity, your estimated time horizon for project completion, and your intent to turn the property into an income property (either short-term or long-term) could all impact your decision.

I am not sure where the pricing is today as all of my recently originated debt is construction financing which is adjustable and  tied to the fed rate but your broker is not being honest with you if they are saying rates never drop below 7%.As for your desire to complete a BRRRR, the interest rates certainly impact the debt coverage ratio and thus the refinance proceeds.

the owner would typically pay the commissions on a commercial lease; however, an option to renew is an option to renew. it just gets renewed. there is no new lease, no new leasing agents, none of that. it sounds like they aren't exercising their option to renew. they are essentially letting the existing lease expire and negotiating a new one. my response would be - we either renew as is as provided under the existing lease please plan on vacating as we'll start marketing. it is possible that we may come to terms on a new lease but no guarantees.....

From cap rates and cash-on-cash returns to net operating income (NOI) and internal rate of return (IRR), how do these numbers help you understand their impact on investment decisions?

I will feature 3 deals providing an investor friendly description of the listing, what return you may expect, and a poll for you to decide which deal is BiggerPockets Deal of the week. 

Once repaired, how does a history of fire damage impact the insurability or insurance premiums of the property?