(In the IRS language, they tax you on depreciation "allowed or allowABLE").If you choose to not take depreciation, not only it's against the tax rules ("impermissible accounting method"), but you're shooting yourself in the foot.

You absolutely do not use the NOI/Cap Rate method.

You have to be careful and methodical.  

That's the fastest (and least-accurate) method of seeing whether a property is a deal or not.

If only MF then I could probably split the deed into two townhomes hopefully.The other question is not related to this house but to the burr method in general.

Opened up some walls and allowed more more natural light in.

Has anyone else tried this method? 

Third and least preferred method was attempt to contact the worn down triplex across the street.

Now, you might already have NONE of the items that we face as investors if you have already owned these properties for a while and are not looking to do the BRRRRR method so maybe none of the questions below would apply to you but I wrote the questions below to help people work with good, investor friendly lenders.  

We have been using conventional mortgages so we will be looking for new funding methods soon.