Now most times a resident is under market and this isn't an issue, but I'm just illustrating a point.

The seller of the Avon house in this scenario acquires for $192,000 $240,000 equity in this property.Each step adds to the net worth of the seller with just the same sale of the same property, but using the different “market” prices for a property (all cash not financed , all cash financed, owner finance/subject to) to enhance their wealth and accelerate wealth accumulation.Let me know what you think?

I do know my usual banker has moved from the commercial side to residential.

It's a piece of residential real estate, that is not how you value this type of asset. 

I guess, just like in residential, sometimes its easier and less expensive to just bulldoze and start new then trying to do an addition. 

If greater than 30 days' average, it could be considered residential. 3) Passive, Nonpassive or somewhere in between?

One LLC holds a self-storage facility, one has my property management business, one has residential rentals, and one has commercial rentals.

Feel free to ask if anything else comes up along the way always happy to help a fellow investor-to-be get going in this crazy, rewarding industry.Take care, Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

No one can 100% answer you what you can do here.The one general question I would give my opinion on is if the resident is responsible to pay for the damages, do no wait to use the security deposit.

I've heard Wolfgang Croskey talk about it as well, as well as some other people in the Residential PM space.Surveys might do the same thing, but I don't know enough about NPS to talk about it.