Actually, the Detroit area for example yielded an average 18% appreciation + 17% average cap rate for the past 12 months; That's a combined 35% over the year, and the market still has a long way to go given the ridiculous price to income ratio and price per sqft, and the demographics and economy are steadily recovering since the past 5 yearsOn the other hand the LA market gained about 8% and an average rental yield of 6%; the market is grossly overpriced and incomes aren't growingSmart investors should head were recovery is underway and distressed assets are, not where the hype is

There's a few developments underway that will help to accelerate the growth the city has been experiencing over the last few years:http://www.rxrrealty.com/2015/09/rxr-rising-jv-to-...https://therealdeal.com/issues_articles/hipsturbia...There are still deals to be had in Yonkers and other places but don't expect to find them behind a computer screen. 

Also, potentially Slavic Village, but mainly the area that is right near the "Opportunity Corridor" that is underway (near E. 55th and the freeway exit and RTA Rapid Transit station).

Account Closed There is no flooring which is completely pet proof ... we have a full gut renovation underway which can serve as proof of that.That said, if you could get an effective sealant layer on polished concrete that was tough enough, you might come close ... though it would not be much fun in our northern climates.Despite having been bitten by poor pet-owners in the past, we are considering renovating a complete building (5-units) with pets in mind and are looking at commercial grade linoleum - the kind used in hospitals.  

Without knowing your location or how bad is the crime rate there, this can be a lethal suggestion, but have you ever thought of moving in to one of those units especially while the construction is underway?

I got the paperwork in on time.....but the fact that it was wrong screwed it up.The only thing that gets me is if nothing was ever excepted then why was the bank able to get info on the house......they where already getting the loan under way and i had to stop them when i found all this out.

Assuming he's asking for you to deploy a million now and return it in a year, I'd say "no thanks" since you don't have a deal to deploy it on right away or underway.  

Rehab is currently underway and upgrades are being made.

If you can't make sense of the amounts reported on Schedule E now is a good time to have this conversation before tax busy season gets under way.

The other hurdle is that the property is vacant will require significant rehab (mechanicals & cosmetics – structure is fine).My strategy right now is to get the property as cheaply as possible, defer payments for 6-12+ months in order to get renovations well under way and units starting to rent, and then make sure we can hit his number for a 5-10 year period of seller financing, after which we would own the property for well under market value.