It doesn’t need to be perfect—it just needs to exist.

Regarding the other post on companies doing due diligence, they exist, Mick Law, Factright and others provide sponsor due diligence reports (They are not cheap), but they are very very detailed (we had a factright report done), and most sponsors would not pass the sniff test, which is why they do not get them. 

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Additionally - those with existing higher rate mortgages will refi, those with equity will leverage and valuations of prime assets will sky rocket.

With New Construction loans, investors can create value from the ground up and ride the wave of market momentum.Anyone here focusing on building vs. buying existing?

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Just keep in mind when Real Estate books were written and the market conditions that existed at that time. 

I have had it listed since August 30th and have had several people interested, and one perspective tenant actually put in an application but ultimately decided not to commit to signing the lease.

Thanks Michael, my intention is to repurpose the existing building.

According to the complaint, Zillow paid Redfin roughly $100 million in early 2025 to exit the rental ad business, end existing contracts, and stay out of the market for up to nine years while funneling listings to Zillow.