Also, I think your perception that "depreciation is a free gift from the government" is misunderstanding what depreciation is.

It's also really important that anybody who chimes in with an explanation actually knows what he's talking about.So let me make two general points, and then I'll dissect the actual text better so that you understand.My first point is that you're misunderstanding even the text of the voter guide, which says:Allows rent increases in rent-controlled properties of up to 15 percent over three years at start of new tenancy (above any increase allowed by local ordinance).You conveniently left off the parenthetical, but when you include it, it's pretty clear what the prop does: allows increases of up to 15% over local ordinance at vacancy.Understand that, in a legal sense, "allows" means the same thing as "protects" when you're talking about state law, which is superior to local ordinance.

Both people know their requirements and the expectations, so there is less room for gray areas, frustration, or misunderstanding.

@Bryan Hancock, thank you for dispelling a mythor misunderstanding that I've been working with for a very long timeabout amortization schedules.

Sorry for the misunderstanding, I guess I posted my intro to the wrong group ha.  

There were a couple of misunderstandings on my part about the way they charge like their minimum charge is not per building but per door which makes sense and the lawn care charge is per visit not per month. 

They might think it’s financing, but that’s usually caused by a misunderstanding of all the ways you can invest in RE with little to no money.

Or did I misunderstand the process? 

STEVE MORRIS: as stated, I'm new to all this, not trying to be unrealistic with situation, think you're misunderstanding my agenda. 

So I may be confused on the 50% rule because it just might not work for mid-priced properties in the Las Vegas market or I might be misunderstanding the concept.