They have essentially no marketing overhead and they almost never risk bidding a job they don't get, as me and my network give them as much work as they want and we very rarely will get other competing bids.

Wade, now I agree that you can and should look to comparable vacancies to examine the market, it has a greater impact on projections and in some markets be fairly accurate. :)

If you credit gets dinged, (1) it's temporary, and (2) it doesn't impact stuff you already own.

What is essentially happening when a borrower (mortgagor) gives a lender (mortgagee) a security interest, is a granting of superior (to the mortgagor) interest in the equity of the property.

I think the truth is that we just don't really know how much this will impact the industry.

Essentially he can pay his rent with pre-tax dollarsAlternatively, since he says he's too old to "do anything" with the building, perhaps you can offer to put in sweat equity for a small % ownership of the building?

Probably a good idea to consult a real estate attorney who is familiar with that locale to be 100% sure of what impact the tax lien will have on the title as it changes hands as well.

You're essentially transferring responsibility for any damage under the old lease into the new one, too.

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