Mom and pop selling for a fraction of the property’s real value or 2.

Also would need to know if the property would be owner occupied or an investment property. 

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

Greatly increased lending capital by transitioning from a ‘blind pool” fund to a series LLC / syndication model where investors know the property lending deal before committing to any loan and can “pick and choose” whichever loans they do or do not want to participate in.  

Have you bought commercial multi out-of-state before?

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

Plus  2 years free property management.

Virtually every property we purchase has a value add and virtually all the value adds have been the boring rehab. 

Flip properties.