(They doubled the budget and tripled the timeline) meanwhile we had another contractor lined up immediately, but it took the lender 4 months to finalize paperwork before they would let the new contractor touch the property so we got eaten alive in holding costs.

Certain areas landlords can held to triple damages.

We should be fine since the land value should have doubled or tripled since we took it from Farm ground to property utilized for commercial use.Continuing to invest for the future. 

It was a foreclosure I bought back in 2013 and the condo triple in market value.

If you have a savvy tenant and you keep the sd and they seek the advice of a lawyer, you could be looking at appearing in court and paying triple damages.  

Hi BiggerPockets friends. I have a nnn lease question that I'm hoping someone can help me with. If I am the lessee on a nnn lease and I do capital improvements such as fix the roof can I expense those costs in the yea...

Also, double a triple check that the 24k you have earmarked for the rehab is a conservative number because unexpected repairs will come up as I am sure you know.At 60k this deal is a pass to me.

It is in a gentrifying area and sits on a triple, corner lot which will add value. 

I have a triple decker in MA with hook ups and have had a plumber over there to see if there was any way to put them in (there wasn't).

If you sold the property, and you used the $100k on one property or more than 0ne property, the cash flow should be at least triple what you're getting now...that's $3600/year...not just $1200.