Can you give me a ball-park estimate".

it was a over renovation, flip that turned in to a rental...but second time on market we sold it with a parking space and made $1500, in my 3 yrs of owning it.

If it was $1M with capital available for other investments, it would likley go towards an apartment building, commercial unit, or perhaps a mobile home park.

I always look at crime stats within a 1 mile radius of the property and then what is around it like shopping, schools, churches and parks.

Parking on the lawn?

I read that Sam Zell is the largest holder of office units, the largest residential unit owner and the second or third largest mobile home park owner.

Two large arenas and dorms at two colleges, 3 high end residential subdivisions, our first highrise, the federal courthouse, the Cardinal baseball park, theater for the arts, water fountains for the city, I just can't name them all.

Not to mention some great looking out of the box themes.

We might use River Bend LLC, or Pheasant Crossing LLC, or The Woods LLC, The Cliffs at the River LeBeau, Lincoln Park LLC, or Waverly Meadows LLC.For rental perhaps you have several on Main Street in your town, possible names would be Main Street LLC, Chicago Main Street LLC,or if your building is at the intersection of Main & Lincoln Street, something like Lincoln Main LLC.

It's about 7 pages long, mentioning late payments, max occupancy, smoking, insurance rules, where/what can be parked on property, liability, fire pits, pools, late pay.I'm sure some professional tenant could still screw me over since I'm not experienced.