Those are great questions, and I agree, the property is a bit pricey but it appears to be in pristine condition. As we fall into another recession, housing prices will probably not appreciate, but we expect a small but decent return to carry into a better property in 3-4 years time

My business partner owns a GC company so our prices for construction related issues do not include mark up.

This deal just passed by us today - we are considering other deals 1/3rd of the price of this one - I do not have full disclosure of this property present day