Some of them still haven't.The moral of the story is to buy assets when they can be had for a discount, like from 2009-2012, and avoid overpaying when things are frothy, like they are now.

Well since its short sale the bank is probably selling it, " as is where is " I do not see you getting anymore of a discount on the sale price but who knows you can always try something.

In general, for an owner occupied office building probably 50% ITV and 12 to 16% discounted yield would be in the ball park.

My opinion is that nobody is ever going to buy that tiny sliver of land, perhaps I do wait it out or even let the future homeowner buy the lot at a steep discount because they can't sell it. 

If you can buy properties at a discount, you can do it over and over.

First the end buyer is relying on you to negotiate a price to purchase the house at a significant discount plus also provide the end buyer with a reliable analysis of the property providing a reliable Market or ARV ( After repair value).

For example a 15yr term with initial rent set at comps, 3% annual increases and a terminal sale for the FV of construction cost - all discounted back to NPV at a 6-8% discount rate.These methods provide quite different prices, especially because the NPV is so sensitive to changes in assumptions.Has anyone done this before and how did you calculate the price?

Contacts with engineers, Better trade contractors and perhaps the ability to offer you discounts on materials. .

I would want to know exactly what they would do and what discounts for service they give you before signing any contract.

The CCs will cost you a small discount fee, but it beats not collecting anything at all.