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What's wrong with just staging it? Whether its doing renovations or staging, its still putting effort and money into making it look decent.

Wait until the tenant goes and then stage it - like Sanj mentioned.

Shouldn't you ask whether your tenant is willing to leave first?

I agree with Blair here. It does seem like Alex might be being held up on the property selection process, and if that's the case, then a BA is the person to help out. We all have aspects of development/investing that we are strong or not so strong at, and there comes a point where it becomes...