More risk/hassle for another $20K per year is different “math” that having it for another $2K per year.

Not sure how he got that number because I have a copy of the appraisals for all the properties from last year and by my math they're saying its value is 910k

It seems counter-intuitive until you do the math and experience it yourself.This is one of many reasons why I invest in Brooklyn, NYC.

If you did that you would avoid all tax on the $566K ish gain (plus you would avoid the three years of depreciation recapture which would be close to $100K - or another $25K of tax).Hand grenade math tells me that unless there were huge capital improvements you're looking at a minimum of $100K tax bill. 

So here’s my little maths :1.

But keep that cost in your mind when doing the math. 

Hi Charles,I disagree with you about a 2% annual growth in revenue and a 2% annual growth in expenses would result in no change to the NOI.Lets say annual revenue is $10,000, and annual expenses are $5,000 (for easier math). 

It means they will fully fund if you can do the math and prove the project will meet their ROI.

I will humbly admit that I am awful at math.

The problem with that statement was the ARV came in low making it moot, and I did the math wrong now that I look at it again.