I'm Contracting/Consulting a healthcare clinic and the current retail owner does not want to do exterior renovation of only $400 for a 3 year lease.

To me I would think there could be extreme value in a property, that due to its current engineering allows for less than the 2% rule, but with careful and thoughtful reengineering (adding a half bath, closing off a big room to make 2 rooms instead…etc,) you could accomplish that the 2% rule with the added boost in rental income that not everybody would be able to vision.That being said let me pose the question that I hope will initiate some discussion.Has there been a time where you bought a less than attractive investment property and were able to change the dynamics of the floor plan with regards to beds/baths in a way that allowed for a substantial increase in rents?

I'm looking for properties to renovate in the nicer neighborhoods of Phoenix, Tempe, and Scottsdale. 2-bed or 3-bed condo or house.

This real estate property type reverts back to the classic, 1980’s configuration of commercial mixed use, with retail at the street level and residential above.

Mattresses are a tough spot, I ended up going to my local Sleepy's dealer, but you're right I had to negotiate to drop the price of my bed $350 dollars.Here's the Deal that occurred 4 years ago:Product: Queen Sleep Series 400 with split-box frameMSRP: ~$1800Negotiate $350 off, 2 free 1 <3 My Pillow pillows, pack of sheets.

That's what an appraiser will use to determine what value to place on the property for a lender to offer financing to a retail buyer to purchase the property.When you have a clear idea of what the ARV really is, you work backwards from there.

I have refurbed a 1/1 duplex that is ridiculously large to be only one bed.

Flee eggs also die with heat (you can wash a dog bed and kill flees and the eggs).

I think the retail value of this property would be ~$125k.

Maybe if we try to think of reasons why creative financing will work instead of reasons why it won't work, it will work more often.Borrowing money from the BANK is like buying retail.