I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

I dislike they refer to it as Airbnb calculator.  

There’s normally action items that can be implemented into your management process that are more effective. 

Try pulling this crap in CA and see if the DRE has a problem with it.Interesting that COGO Capital references their CA DRE Brokers license on their website. 

I was referred to the actual developer, Rebar Development, by City of Fishers and am waiting to hear back from their Corporate Counsel.

For reference, my property was only about 90 miles from Peoria.

By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

I haven't filed a claim all these years but insurance is for the what-if and to be used for the high-ticker items, but chances of damages exceeding the 5% is low.