That MAY lead you to another problem. depreciation is claimed even on properties that double or triple in value.

There's a fundamental problem with this whole philosophy of the brrr strategy the br double rs triple r quadruple r whatever rrr it is at the end of the day there are many of the gurus out there that are selling you on a brr strategy right and you are now contemplating taking down property in the very top of the market.And you're okay with no cash flow.

It almost always costs you nothing (seller pays traditionally) and will educate you on the market(s) and tenancy profiles. 2) Buy a property(s) with long term (10+ year lease);3) Look for corporate credit rated tenants (think Walgreens, Starbucks, etc) on a Triple Net (very minimal LL responsibilities- think roof & structure) OR Absolute Triple Net Lease (no landlord responsibilities).4) Most credit tenants are experts in location selection (which again, minimizes your downside risk).... but as a rule of thumb I always prefer locations on traffic lit, hard corners with great/easy access and high Vehicle Per Day counts.My 2 cents.  :-)

Using this example the lowest cap rate deal I could purchase is 5.95%, which would be an NOI of $119,000/year (For simplicity sake I'm assuming the lease(s) are Triple Net NNN).  

Problem with this is double the security deposit and a triple signing bonus is a drop in the bucket compared to the costs renting to this segment of the population is going to cost landlords.

However very proud of our body of work we did pioneer the one area and now its really blossomed.. values of the existing homes have more than doubled to tripled for the owners there. 

Our water bill suddenly tripled and we thought there was a leak somewhere. 

I was able to go from  basically triple my net worth in about 7 years.... 

They have a much higher chance of double or triple ending the commissions with such a listing.

Every year, in California, your property taxes increase 1%, water doubled and tripled in the past few years., the prices for materials and contractors has more than doubled.You are running a business and it is not about being generous.