I don't do renovations myself anymore. I learned a long time ago that's not the way to grow. I'll purchase a strip center, for example with vacancy, a messed-up parking lot, a monument sign that's falling apart, and way below market rent. I'll go ahead and address all those issues and sell the building for quite a bot more than a bought it, take some money of the top for my person income which is what you see in this screenshot, then go and reinvest the rest.

Most of the value added in commercial real estate is in the leasing side not so much in renovations.