You conceded pretty quickly that the student market makes it a viable option… we probably should have left it there, eh?

I will concede and say that based on what you are doing, it does probably make sense for you to sell.

But upon completion, the improvement becomes part of the building and the tenant concedes any ownership. 

When the other party doesn’t feel needed and they need to sell or buy they’ll be more likely to concede for their delays, issues, etc.

@Cole Puterbaugh I concede I will be in the minority but I believe you are making a huge mistake to make this investment regardless of loan type. 

In this scenario, the sub contractor eventually finds someone to pay his price and I find someone to initially agree to charge less labor by their own volition, or we don't and have to concede down the road. 

But I concede that cap rate is relevant when planning your exit or refinance.

It wasn't until our second call (5-10 mins after the first) that she gave a weak apology and she conceded that raising our offer from 235k to 239k would have been a bone-head and nonsensical move when we were the only buyer with interest at the time and struggling to accept his terms of 10k in EMD.

The problem here is that you started by putting the agent's compensation on the table and may have already sullied the relationship.If you negotiate commissions on the front end and you are really close, there is no skin left on the bone to concede.

I did input 3721 Kanaina Ave and 3741 Kanaina Ave and it said such an address does not exist.However, I will concede its theoretically possible for a particular property to double in two years.