More work, but better ROI.How do you factor in the transaction costs and the tax impact when you compute the IRR?

But here's my problem: If I drop that much to just try and get a sale, I'd prefer not to use a realtor because commission charges arent factored in to that cost; thus, my exposure is limited and its harder to find buyers.

It does not work for most of the investors I deal with, but if the property is being bought as a residence, its not a big deal.

However, as kenvest said, you would need to be able to accurately diagnose potential problems that you see, so therefore getting a professional inspection would be ideal.

sending Tony Soprano in would be ideal to say the least :-)

Ideally, you would have already been an ED (executive director) at an agency before you try to create one of your own.

An investor’s ideal seller is one that “Needs” to sell, not “Wants” to sell.

If for some reason, you can be certain that taxes will remain lower than typical for this property, that should factor into your detailed analysis of the deal.

To answer the question from phcapital, yes, you do get tax benefits of depreciation with a TIC as well as regular income distributions from rents.As stated earlier, they are ideal for someone who wants to have ownership of larger scale retail centers or office buildings they otherwise would not have access to with the amount of capital you have to invest.The only tricky part about them is the exit, which was also stated earlier.

If you can solve people's problems age is not a factor.