I think I ll use Dave's services for my very first 1031 exchange!

@Ken Bradley Thank you for your service!

There is a commercial space for sale in my area that used to have a tuxedo shop and a laundry service.

I think my average is double cf with no debt service. 

There are some great online screening services out there3.

I only ask this is because it seems like there is opportunity to provide a service to endowments, pension funds, and other entities that don’t want risky investments. they want stable cash flow.

Regardless of what it's called, IMO cap rate calls for all costs associated with 1. acquiring the property and 2. placing the property in service as a normally operating business.- Do you include closing costs - survey, title, recording fees?

If the answer to that question is no then the repairs that you made to the property are capitalized and depreciated once it is placed in service.

Hi BP, I’m stuck and could really use some help, when dealing with code enforcement leads, witch status should I focus on most to find the most motivation: Docket Information:-Not held but resolved-Dismissed-Continued-Return of service-Voluntary Dismissal -Civil Complaint-Defendant Defaulted-Amendent Complaint FiledCase Disposition:-Voluntary dismissal-Finding and order-Agreement-Pending

PCR is nothing more than an idea of whats going on, the service company does them, and many times the contractors are idiots, if you have to turn everything on when purchasing one, to feel comfortable, the deal isnt good enough, it could range from a missing water filter, or several split pipes, to a bad fill valve or cracked toilet tank, if you really need to know, air test it, if you dont know how to do that, you probably shouldnt be looking at these properties. i havent hired an inspector in over 15 years, they are a waste of money for me, but I know construction and systems, the bast thing an investor can do is learn construction and the trades, at least enough to know what you are looking at and whats ok, and whats not, even is you dont do any work. sorry to be harsh, but knowing this stuff separates the men from the boys.