Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.

@Steven CatudalI'm in Birmingham and invest in Birmingham, be careful when choosing properties, the house values can change by street sometimes. 1.

. - Value add - How much does it cost to build additional storage units? 

I see value in working with people who want Midwest entry level homes and as well as the higher end New Construction stuff in growth markets.

Be skeptical of the developer's claims, as your property's value likely won't see substantial growth until the entire development is completed and sold, which could take several years.

Deflates property values.....interesting future.

@Dhruvin Bhadani - At face value, these numbers make sense.

Adding value and seeing how big the empire can get.

He may realize the offer he had was inline with the value.

Unfortunately cap ex usually catches up to them and the appraised value rarely translates to a similar sale experience and all along the property has merely been a highly levered property.