Stabilized is usually when all repairs are done and it is almost full minus market vacancy averages.8925 X 12 =107,100 a yearIn fully stabilized older buildings operating costs ( vacancy, management, ongoing repairs, taxes, insurance,etc.) tend to be close to 50% if tenant pays utilities.

Now I’m in the process of finding architects engineers and will let them mesh it all together.

Joe Splitrock so how would the whole process work?

I know it's only been a few months and I will for sure hit some bumps in the road, but I am very satisfied with how the whole process has been.

And as your "insurance" file for eviction anyway so that when/if they don't move out on the agreed upon date, you at least have started the process instead of wasting a week or however long you gave them on the cash for keys deal.

Thanks I’ll be the guy asking dumb questions while I’m going through this process

3 Reasons Note Investors succeed:1) They invest in their education and training on an ONGOING basis2) They do massive outreach to peers and sellers on an ONGOING basis3) They put systems in place so they buy right and create the desired cashflow from their buysCan anyone contribute to this list?

In the process of selling a commercial property here in Austin and looking for replacement property. 

I have also heard 1031 exchanges are not the easiest processes to go through.

I just think the process of kicking someone out who is going to be living right next to me doesn't sound too appealing so I'm reluctant.