Also I dont know about you but I have never been able to find anything with the search function on this site.. to me its INOP and should be placarded that way. 

Vacation rental dwellings require furniture and furnishings but also completely functional homes.

@Ryan Brown, I am not an NYC landlord and know you are subject to different laws than I am in Ohio.But, typically, as long as their shower head is fully functional, I cannot see any reason why you would be required to replace it for them.  

Also, why use a rate calculation, when the HP-10B has an IRR function?

A friend had a company come in and they wanted to do a bunch of narrower (but functional) cabinets-it was a lot more expensive to do the smaller ones.

I suppose it's possible to pull off if you were to find a light cosmetic value add property where you could say take a property with extra square footage and add a bedroom or take a property with a bad layout and make it more functional over time, etc.    

What I am taking away from this is that the purchase price is a function of the rents for commercial property, and the price I should be willing to pay for a commercial property can be "reverse engineered" using typical cap rates for an area and the NOI of a property.

The best markets are those that you can relate to and know how they function.

First and foremost, that house with the dated wiring could continue to function and let countless more families live there safely and comfortably.Second, if you don't replace that wiring immediately, you will end up with a house like several of my rentals and approvimately 50% of the real estate in your market.  

However, maybe it's just me, but it seems as though the search function hasn't been too great for the past month or so.