We try to do an Annual/Renewal Evaluation 70-90 days before end of a lease and tenants don't always cooperate. - We can also use this Evaluation to project needed repairs once tenant moves out and put together estimate for owner approval.

As long as you're showing progress and adding some more skin in the game, most Sellers / Brokers will give you a short term extension as Commercial deals are trickier and take more time to close.Hope this helps! 

Think parts of the Midwest and Southeast.The biggest factors that make deals work right now are:Buying deeply discounted properties where the rehab forces real appreciationKeeping rehab budgets tight and intentionalRefinancing with solid DSCR terms (lower rates, 75%–80% LTV, and good DSCR coverage)They’re not common, but they do exist if you’re patient and run strict numbers.Looking forward to seeing your progress!

Hey there, and welcome to BiggerPockets, glad you’re jumping in.I don’t know your specific Cape Coral sub-markets, so here’s some very general guidance based on how I evaluate similar situations in my own business.1.

I work with new long-term rental investors and help them understand DSCR requirements, rental underwriting basics, and the difference between buying “cheap for cashflow” vs “better area for long-term appreciation.”If you ever want help running numbers, evaluating a potential market, or comparing how lenders look at different deal types, feel free to reach out.Louisville, Indy, and Wichita all have pockets that can hit that 5–10% CoC you’re seeing, especially under 100k, so you’re definitely on the right track with your research.Happy to help however I can as you get ready for your first purchase.

Quote from @Kelly Schroeder: Something I see often when talking with investors:Most compare interest rates… but forget to compare speed.A slightly lower rate doesn’t help much if it means you lose the deal to someone who can close in 10 days.When evaluating lending options, speed can make just as big an impact on returns as the rate itself — especially with Fix & Flips, BRRRRs, and bridge scenarios.Curious what others prioritize:• Rate?

Here are a few things to consider:Challenge the Appraisal: If you believe the appraisal doesn’t reflect the true value, you can request a reconsideration with the lender, providing comparables and details of the improvements.Get a Second Opinion: Another appraisal from a different company might give you a clearer picture and potentially a higher valuation.Alternative Funding: If the appraisal doesn’t budge, you might explore other lending options or creative financing solutions.Re-evaluate the Next Deal: If the numbers don’t work out, it might be wise to reassess the next purchase, but hopefully, it won’t come to that!

With no progress, our client eventually had to terminate.Here’s the interesting part: right after termination, the seller and broker suddenly offered everything our client had originally asked for—extensions, access, updated terms.

Like anywhere, there are pockets that require careful evaluation, but the same could easily be said for much of Jacksonville.

For all the property managers out there, how do you typically evaluate your janitorial needs for commercial buildings (what are the most important things that help property managers (price, quality, et.).