Jones in his sphere of influence does he know someone that would invest the other $50K.One area over looked are  women who are professional or business owners that make good money but don't have the time to invest.

thank you guys for your influence very helpful..

Maybe boost it 35 bucks.So,   $12,975 down, 4.75%, 15 years fixed.  

However, the number of bathrooms did make a big difference.I would think the amount by which adjustments are made is partly subjective and influenced greatly by the neighborhood in which the property is located.

We use CoinMach (https://www.coinmach.com/) in a 284 unit property.There are a couple vendors but not sure they would install only a few machines.Personally, I would look on eBay and buy some used old machines or rethink the business value of this endeavor.How much revenue boost will this provide to your NOI?

That being said, it is not going to double in value in that time, so that part of his plan is unrealistic.You can't make his decisions for him and probably shouldn't try to influence him either as a friend.  

I would say you can assist with the short sale, but I would refrain from any sort of direct influence with the bank in regards to the property's value.All your really doing in most cases is finding out what documents the bank wants and making sure they get submitted to the bank as they want them.

As to your question, straight depreciation is largely influenced by how much the assessor assigns to the land value.  

The right business can help boost rents in an area, and commerical tenants tend to be low maintenance, long term renters.Separating the utilities is a good long term plan, but why not wait until you've built up some cash from the property so that you're re-investing the funds back into the building?

Be aware too, that cities doing redevelopment keep cards close to their chest in some respects, tagging an area can influence prices overnight, something they don't want if they are having to take property buying out owners.