I don't have this issue but am curious to better understand.Because after 2 years of incorrect or missing depreciation, correcting it becomes "a change of accounting method" and requires a different procedure to fix: Form 3115.

I’m not too concerned about cash flow, but more about tenant quality, property wear-and-tear, and potential “headaches.”

A quartz countertop is a nice touch and may help, especially combined with other quality updates, but it usually won’t move the appraisal dramatically on its own.

Even with these challenges, the overall outlook across commercial real estate remains positive.Office: A Flight to Quality Is UnderwayThe office sector is beginning to show signs of a comeback in select major metropolitan markets, including Los Angeles and San Francisco.

Obtaining and keeping a quality property manager is nearly impossible2.

I use all those strategies to do the brrrr methods in my market. 

Curious what others have seen in terms of:• rent growth• tenant base• management quality• renovation ROI• lender preferences in this regionAlways appreciate learning from people who’ve operated in similar markets.Happy to answer questions about the underwriting, business plan, or anything else related to the deal.

I’m not too concerned about cash flow, but more about tenant quality, property wear-and-tear, and potential “headaches.”

You’re selling a product and claiming thru positioning and self appointed title (financial advisor) to deliver an unbiased opinion of the quality, appropriateness, and suitability of the product you’re selling.  

.• Out-of-state can work well if you have strong local property management and realistic numbers.. some of my clients use a 'hybrid' method with software/VA platform and we help them with the vendor network.