You'll also have a lot of additional expenses associated with cleaning and providing services, as essentially you're running a small hotel.

While this is a retail price essentially I would be marketing to the same multifamily developers to purchase the property for additional parking space or additional units.

If you have negotiated a lower price than what the tool tells you your purchase price is, you can adjust your profit, or add more into your contingency for rehab costs (this is where I tend to apply it).  

Having a great team is essential.

Look under Tools in the right hand corner.

@Brian Gibbons may have some more complex options than these, but these are the basic creative finance tools in my toolbelt.

Essentially, that is what I am doing by not taking action. 

He has great tools that come along with it to help calculate the costs.  

Such a great tool. 

Essentially my strategy is to buy this property, do some minor rehabs, then refinance or sell.