I tend to believe that off-street parking appeals to tenants slightly higher up the economic ladder, but for many I don't think it is a big item on their priority lists.I personally would only do off-street parking.

In regards to the last question, what items are needed for due diligence?

Might put you to sleep if you try and listen to the whole thing in one shot unless you just LOVE TAXES.The Everything Store- Brad Stone.

If you break out each item its really, really easy to say "that's too much, I'll trim that" and then you're down to 30% of rents.Even brand new roofs and furnaces need replacement someday.

Remove those 2 items and R&M is $5202.However, I question why seller would sell the year after incurring such an expense?

He said they were good tenants and operated a store in his strip mall and he didn't really know anything about them.

The buyer closes on his HUD-1, sale price is 27K with costs of assignment as a separate line item of 10K.

The items need to be repaired/replaced to bring this to a C4 or better condition before we can close on it.

Most IRA custodians will make you hire an outside property management to handle these items, as well as paying the bills.

Attached to the home is a variety store which is not in business any longer - vacant.