This is because we do not yet have enough capital for a high end property (1300-1500/mo) to sit vacant for a few months.

As I recall it was only 1800 sqft.

Sitting on $1.6 mill, we want to invest wisely.

So one of your risks then is the set aside portion of capital never makes a return as it sits and waits for its use which hopefully never comes.

When dealing with medium to large commercial properties, there is so much opportunity to make money through buying right, it would be a shame just to buy an 8 cap and sit with it.

Good cop being me the guy sitting in front of him trying to solve his problem. 

I purchased my first property cash - it was great value for the property but was too low to do an immediate cash out (less than 30k) so Im waiting not only for 75% LTV refi after 6 months (per my lender) and in the mean time and sitting on the sidelines with other potential deals b/c I do not want to get in over my head, no matter how good the deals I have to pass up are.

Bill Gulley Have you asked any of the tenants if they recall the name of the plumber that was there repeatedly? 

I’ve gotten the letters, mailing system & schedule down—now that they’ve gone out, I sit back & wait for the calls to roll in, lol.

After speaking with her we find out that the property is owned free and clear and costing her 700.00 a month just sitting there.