I'm not sure how much space you have to work with, so I am going to throw out a couple more ideas to consider.For my properties that have garage spaces or sheds, I will "rent" that space for a monthly fee, say $ 50 or so (I know that's low, but follow with me).

I would have to say its worth its weight in gold.Paul

I sold a shed on Craigslist and delivered it there for the guy since he had no way to move it. lots of opportunity in that city.When was at the office talking to fellow agents about the 25k, and how I felt it was not worth it, an agent told me I should quit talking about it because she and her husband did spend the 25k and really liked the program.

It shed a lot of light!

I see alot of apartment buildings for sale up that way.Can anyone shed some light on this city?

You always have to weight these things very carefully.Pay attention to the unit mix.

You can go after multifamily with value add deals using hard or private money.Increase the rents and occupancy and increase the value of the property based off the income approach.Commercial is based off the income it generates as a main factor in an appraisal for refinance or selling.With residential it is the comparable sales approach weighted most heavily.

Be sure to set up some Keyword Alerts for some terms you are interested in learning more about or things you can help shed light on (like "appraisal")Great meeting you!

Anyway, this is what I am thinking:1) There is a laundry room (outside shed with a couple free commercial washers & dryer and space heater).

Maybe somebody can jump in and shed some light on this for me.