My thoughts on this is that it totally makes sense to make the improvements and go for the higher rent, but he is a very good renter and I know what to expect with him.I think if I get an answer to question number one, I should be able to calculate my ROI and answer number 2 myself.

They seem to always quote it in $/square foot and it's an annual figure so for example  lower end retail in my area goes for about $10/foot.For the improvement costs (TI, tenant improvements) you can negotiate that with potential tenants but I would again use a short-cut $/square foot or you could do a specific list.

They are asking $199K, looks like positive cash flow if I can get it at a reasonable price ($190K or less); figuring financing and adding in ~ $200 for the property management (don’t know how much they make at this point), possible $250+ in cash flow.Would need good appraisal/inspection and figuring in around $10k for any repairs/improvement.

We continually try to improve our education and that is what has landed us here.

I'm actually quite a hardass about these things and have enforced many rules to beautify the property and improve its upkeep.

Both the $2800 driveway widening and $3000 deck would be land improvements that get depreciated over 15 years with a mid quarter convention.

Buffalo is my hometown and I'm hoping to get in the area and help improve some of the more rundown areas.Thanks in advance,Donnell

Buffalo is my hometown and I'm hoping to get in the area and help improve some of the more rundown areas.Thanks in advance, 
Donnell

Remember you can only depreciate buildings/improvements and land is non depreciable.

That would help get some cash in your pocket now for your move and maybe even some left over startup money for Oklahoma.The tenants that you would place would specifically be interested in purchasing your property within that 2 to 3-year lease term, but they just need to improve their credit a little bit or save up some additional money for their down payment on their mortgage loan.