Value was created through targeted renovations that improved functionality, appearance, and overall buyer appeal.

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

Even with small scale BRRR (just cosmetic/slight functional updates), ability to refinance within a handful of years is extremely important to have enough equity to pull out and repeat the process.

Disciplined operating proceduresOperating procedures serve two functions: First, they establish clear rules for cash handling and opening and closing routines, two of the most vulnerable periods in daily operations.Second, they define exactly how staff should respond during emergencies, including violent or threatening situations.

I think ALL marketing works it's just a function of sticking to it for an extended period of time.

This does come up with older homes in the Southeast, especially crawl-space construction.In many cases, some amount of sagging or uneven floors is simply a function of age, original construction standards, and long-term settlement, not necessarily a structural failure.

As an investor, I always come back to ROI and function.

I still have to manually fix vlookup and other functions that retrieve the Nth column in a search.

This can be REALLY expensiveI prioritize layout and functionality, along with the most important factor: location.In the Philadelphia area, I’m consistently seeing better rental performance in the outskirts and surrounding counties compared to the city itself.When analyzing a deal—especially in a hot area—it’s important to understand the potential of the property, not just what it’s producing today.

Office and Retail is a Covid part 2, economic downturn are the big ones.The biggest “oh crap” risks in retail and office are concentrated in a few themes: tenant fragility, functional/locational obsolescence, capex time bombs, and capital markets risk that can nuke your business plan even if NOI looks fine on paper.5.Crexi, Brokers and Commercial Deal Finders- which go out and secure seller financed deals on properties.6.Commonly 5–10 years for permanent bank or CMBS debt, with overall ranges roughly 5–20 years depending on lender and product.