Obviously, the best approach is to select tenants that can comfortably withstand a small increase each year so they can't claim this, but circumstances can change. 

Recently I was approached about a couple off-market vacant commercial properties in the KC market that would make a terrific conversion to apartments, with enough space for roughly 60 apartments each. 

The stage is now set, based on your approach, and will lead to a certain dynamic in the negotiation

Hi All, I read a bunch of different forum posts on the different approaches, but was curious if anyone had the tactical (step by step) process for this question. 1.

I approach it like this: everything needs replaced at some point.  

Ever since reading The Book on Rental Property Investing and learning of BP, I have devoured countless hours of the BP podcast and have been accumulating real estate books faster than I can read (currently have 5 waiting on the shelf as I read David Greene's Long-Distance Real Estate Investing).

I am wondering if you were first starting out and you had someone who can be a book of knowledge and experience for you how would you approach it? 

I love the Best/Worst/Expected approach. 

Does anyone have tips on what my best next steps should be or tips on the best way to approach the situation.

I really appreciate you sharing your approach and experience with this BRRR.