I would check it out before spending any money on a door, which will also decrease the usable interior living space.

Ryan's example and countless others is why I mainly only take commercial listings.I have a few buyers I work closely with on the commercial side.Investors want to guarantee they get the deal and I want the commission check.Being listed if 10 offers come in and one is selected and closes I get paid.If the buyer has an agent they get paid.The other 9 get to start the process all over again with no money in the pocket.This why I mainly list and market commercial properties instead of running all over creation with buyers.Now if a buyer is honest,buys volume,and wants a deal (but is realistic and not looking for the steal of the century) then they may be worth working with.Whether you are a seasoned investor or a broker/agent who has been in the game for awhile you value maximum returns based on TIME and MONEY.You put in effort to learn how to decrease energy and time in and increase returns.I think it depends also on commercial and residential.I see the mindset of many investors with buying houses that they want agents to work 24/7.I understand because many might work full time jobs and that's the only time they have to do something.On the commercial side I find the mindset is totally different.Business hours and most don't expect to call you after 6 and not usually on the weekends.If a broker/agent works residential then they should expect the hours to be crazy because of the variables involved.

Rental demand has decreased significantly.

I have been trying to sell my rental property here in Calgary and for the past few years but the market price keep decreasing where my mortgage owed = market price, currently almost no equity in thereI've considered/ tried following: - conventional way using realtor - even though seller's realtor willing to take less commission, no guarantee that buyer's realtor is willing to do it as well.- agreement for sale/ rent to own - fail because tenant buyer defaulted.- no fee/ low fee realtor brokerage (commfree, 1% realty etc.) - actually they charge more than what it shows in the ad.- direct marketing through kijiji, facebook, reach out to my real estate investor friends for direct sale or another rent to own - this is what I am doing now.- 1% fee realtor website (bodecanada) - this is pretty new and I start to put my property there- rent out to tenants - this is what I am doing nowMy property is half duplex with illegal walk out basement suite so I rent out upstairs for $1200 and basement for $700.

*data provided by washoe county assessorThe rental market in the Reno/Sparks area experienced a slight increase in rental rates in Q3 compared to the previous quarter, decreasing by $8 to $1,653.

So your basis will decrease each year depending on how much you take in depreciation.

The value today (assuming what you are paying for  is even close to true value and it does not decrease in value) is more then enough equity to simply refi the balance with no forced equity. 

West Allis is having a nice 1st quarter in 2015 according to GMAR " Hottest MarketsThe most popular markets in the region, characterized by those communities that generally had an increase in units sold, an increase in average sale price, and a decrease in days-on-market (DOM), were:"

I find it that once you get above $150,000 in home prices - it is harder to cash-flow.One thing that is concerning is that the population of the city has decreased since the 1960's. 

The greater metro area, however, showed a more substantial 8% annual decrease to a median home price of $424,250.