This is the case in Newark, where the landlord is required to register the rent annually and then can increase the rent based on CPI-U (in May that was 2.9%).

Case in point a Guru Carleton Sheets who has now past away (MRIP) sold a  real estate investing course on late nite TV back in the 90's and early 2000s.

Hi Ashish,I have a similar case in GA. 

Yes, there could be a "gotcha" because of some unknown facts that would be the case in every single situation imaginable!

@Scott MacThanks for sharing the personal experience rather shocking to have assets frozen for a simple premises liability case.  In

I could see there where you wouldn't want a ceiling fan I am thinking many older kitchens only have one window and sometimes no exhaust fan but I guess that isn't the case in newer open floor plans.  

I would be surprised if this is not the case in the low cost Midwest market.  

Because, as you seem to have found out by yourself, as the best deals generally don't show up in plain sight for everyone to see, as is the often the case in the US too.

Later, and appliance technician confirmed that this was the case. In

If your rent would be somewhere closer to 1% of the replacement value, the long term capex picture would look differently, but that's obviously not realistic in the Walker Square area.I know this is not what you want to hear, but case in point at one of our workshops I had an investor who has owned a sizeable D-class portfolio for almost 40 years, self-managed, self-repaired, re-leveraged to pay for capex - and he said he has basically nothing to show for in terms of retirement, so he has to keep working it.Food for thought.