I'd think if it's just a large room with a bathroom, as many commercial daycare operations have, it may not add the value to cover the cost.

Essentially he can pay his rent with pre-tax dollarsAlternatively, since he says he's too old to "do anything" with the building, perhaps you can offer to put in sweat equity for a small % ownership of the building?

You're essentially transferring responsibility for any damage under the old lease into the new one, too.

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This leads to my question: Do you have any recommendations for must-read magazines/publications/journals that are essential to your real estate investing career?

Essentially, the heating problem was caused by the tenant because of his personally installed thermostat.Can I charge the tenant for the plumber's bill?

While prospecting for the other business we had been talking about a 3 bedroom 2 bathroom lakefront condo that he has been having issues with for 7 years.

In each basement, there is a full bathroom and bedroom.

If I am only assigning the contract, and the buyer has his own closing attorney (which will most likely be the norm) then, I'm essentially of no value to the attorney I'm in discussions with, correct?

The Acting Governor has asked businesses to send non-essential workers home, and the City of Waltham has issued a snow emergency and asking businesses to shut down and send workers home, no parking on the streets, etc.