If you have the opportunity to add an additional bathroom when possible also do that they look at the room ration to bathroom ratio when renting.

Talking to him, you can see him try to rationalize choices that he's made over the years.

This is not an exclusive list of market options, but it can stimulate some new ideas.Find markets that have good rent-to-value rations (i.e. 1.0% or more).Last but not least, if you primary goal is cash-flow but you'd like some appreciation potential, then focus on growth or emerging markets.Again, I will stress to avoid "war zones".Feel free to post any other questions.Continued success!

Cap rate is ration between NOI and Capital Cost (or value of the asset)

I know some of you are shaking your head but my rational is if the property can pay for itself after 30 years I can still collect the reward, I do not necessarily need to be generating an income off each door every month.

It stinks that he bailed on you but sometimes even rational people do crazy things.

Should the project fail, it can be very harmful to you financially for many years - if not the rest of your life - and extremely inhibits your ability to have future success in the real estate business, or even buying or renting your personal residence.If I understand your post correctly, you can expect ever member of the LLC to be required to be personally liable and financially responsible for repayment of the debt.I would imagine a non-recourse loan would probably have a much higher loan-to-value ration to ensure a safer loan and higher interest rate because of the higher risk factor.Did anyone track how many financial institutions had liquidity problems, closed, or were sold the past 10 years?

Sometime I get surrounded by crazy and I doubt my common sense, so it is nice to hear I am being rational.

It didn't matter how much I tried to rationalize it away, it took several days for me to get past it.So, I think a lot depends on what actually happened: Was it a major blood bath or jealous husband?

Inspection/appraisal could run $1000.So, you're looking at about $8500, plus your pro-rations...though a good mortgage broker could probably tell you exactly how much...