Just throwing the idea out there.

The idea is to give it for rent.Think that terraces for offices will not pay off but it is a very nice looking match and want to make an offer.Sellers want a price for the terrace that is 1/3 of the office one per sq feet.I think it should be around 1/10 since renters will not pay more than that as an extra I gues.  

The idea is to give it for rent.Think that terraces for offices will not pay off but it is a very nice looking match and want to make an offer.Sellers want a price for the terrace that is 1/3 of the office one per sq feet.I think it should be around 1/10 since renters will not pay more than that as an extra I gues.  

I know there’s no guarantee and it depends on the market, but I’m just trying to get an idea on how my cash flow could increase overtime, even if just on the low end Thanks

Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

There's also a new graduate school there, increasing even more the demand for rentals, in this case higher end rentals.I'm drawn to the idea of a new small apartment. 

However, I'm not sure if the seller's submitted contract will allow me to do so, although there is nothing within the body of the contract itself that mentions anything binding me from doing so and my seller is absolutely fine with the idea of me assigning my interest elsewhere.

Just wanted to get some ideas.

Any ideas or examples are appreciated!

Paul, Great idea on using Craigslist!