Value = NOI / CAPwhere NOI (Net Operating Income) = GPR (Gross Potential Rent) - Economic Loss (vacancy, concessions, eviction) - Operating Expenses CAP rate depends on your market and property class. If

I am conservative in this asset class if U do better that's great but if you are going to be disappointed if you don't hit Ur numbers exactly then you need a contingency line.. just like I do when I build new homes or new subdivisions even though we have firm bids from all subs I put 10k in the contingency line and we use it every time.. stuff happens .. when you close on this.. just take whatever positive cash flow you get and pay down your mortgage.. its not going to be enough to really save up for another down payment take you forever. you want as much equity in these as you can get as soon as you can get that.. so if you did have to sell you have a exit planany way just one persons opinion.. but you can see when you started this exercise you did not know about the city tax.. that's a little gotcha in Memphis..

This is from the RealDeal article yesterday: "And thanks to a special tax classification for real estate professionals, Neumann and his family may be able to shelter an extra $500,000 of his golden parachute.

I grew up in Atlanta and currently manage a few properties here, and your ratings/pricing/classifications seem spot on.

Your tax classification of an LLC that holds a rental or rentals vs an LLC that holds a flip likely will not look the same.

Just curious to learn how many investors are avid users compared to those that are solely looking at the market as an asset class. If

It's short-term capital gains - so in high tax states like MA and CA it could be 40%+ depending on your income bracket (or its ordinary income, depending on your classification).2.

Classification breakdown.It’s multifamily residential.

But as a universal statement of Real Estate as a whole, no, asset classification matters and has it's own eco-system and cycles. 

Ladders or steps required by this section shall not be required to comply with Sections R311.7 and R311.8, Ladders or rungs shall have an inside width of not less than 12 inches (305 mm), shall project not less than 3 inches (76 mm) from the wall and shall be spaced not more than 18 inches (457 mm) on center vertically for the full height of the window well.R310.2.3.2 Drainage.Window wells shall be designed for proper drainage by connecting to the building’s foundation drainage system required by Section R405.1 or by an approved alternative method.Exception: A drainage system for window wells is not required where the foundation is on well-drained soil or sand-gravel mixture soils in accordance with the United Soil Classification System, Group I Soils, as detailed in Table R405.1 R310.2.4 Emergency escape and rescue openings under decks and porches.Emergency escape and rescue openings shall be permitted to be installed under decks and porches provided that the location of the deck allows the emergency escape and rescue openings to be fully opened and provides a path not less than 35 inches (914 mm) in height to a yard or court.R310.3 Emergency escape and rescue doors.Where a door is provided as the required emergency escape and rescue opening, it shall be permitted to be a side-hinged door or a slider.