.; current SEV $162,400; taxable value current $145122From the listing agent: Nice old lady has owned them for 30 years; built in '70's; currently has one vacancy; all units are 1 yr lease; half of tenants have been there for a very long time (years); other 8 units turn about 1x/yr; great neighborhood; upscale community; walking distance to downtown; roof is 4 years old; hot water heat (LL pays); "A" propertyHave not seen the inside yet, from the pictures I've seen the kitchen/bathrooms are outdated.

Joe semi-regularly and like the shops in Saugatuck.

The houses had been selling in the $115,000 - 130,000 range in the neighborhood over the past two years.

I'm trying to figure out if I can still avoid property management on a more standard type of lease since I won't be around the property (I live in CA and am looking out of state) FYI I am most interested in multi-tenant office buildings or shopping centers

The bad tenants make it bad for all of us.... they trash the property, disturb neighborhoods, run drug houses, lower property values and generally make our cities look tacky.

I am fairly certain of the current values of certain neighborhoods, and can access the solds in other areas, but am unsure of the values in other neighborhoods that I am not familiar with but might want to do a deal in.

But, after almost filling a 5000 sf shop with "pretty cool" stuff...

Why buy brand new when you can buy the same home out fo foreclosure for 75 cents on the dollar.I'm in charlotte and you can get lucky here flipping newer homes in higher priced neighborhoods in a 3 to 5 year period but i've seen no appreciable room for profits in the lower priced homes in that smae time period becase of the high foreclosure rates in that price range.

If they don’t know, they know who in the neighborhood does.

Remember this when you are shopping - you may have to eat that vacant unit for three or four months.