In 2020 we are under rent control, but prior to this year this is basically what we did and we will still be doing this within the limits of the rent control.Tenant that for whatever reason is less than ideal and that we really want them to provide us notice, we raise rent to above market for the unit in its current shape (going forward, due to rent control, this will be 5% + local inflation (lately ~4%, but last year ~3%)).Tenant that is good enough that we want to keep them but just barely, we keep them just below market (in our high rent market, $50 below market). 

I truly believe what happened is that lenders, likely consulting some dippy appraiser, came up with the nonsense a long time ago and everyone agreed at the time that it was good enough.

I was looking for a 203K loan but since this house was in good enough condition to live in it, I did an FHA loan and put down 5%.

I was looking for a 203K loan but since this house was in good enough condition to live in it, I did an FHA loan and put down 5%.

I was looking for a 203K loan but since this house was in good enough condition to live in it, I did an FHA loan and put down 5%.

Is it good enough to save say 2% of the property value every year?

Is it enough to stream anything or basically just good enough for small things like locks and smart thermometers?

If your deals are good enough, you should not have any issues finding buyers in this market.

Or is the cash flow good enough to warrant keeping the property for as long as you want?

If you are hesitant about trusting someone, it's usually a good enough reason to walk away.2.