There are so many different explanations.

Example: from 1bd condo to 2bd condo makes sense or maybe even 1 bd condo to 4 plex where you'll occupy one unit and rent the rest, however moving from a 3 bedroom home to a 4 plex may require a very strong LOE - letter of explanation or your file may be declined for occupancy issues - vacating a current primary that does not have atleast 30% equity based on current market value may require you to qualify for both the vacated primary and the new proposed subject property as well with out allowing you to use your rental income as an offset for your property you're currently vacating.

My liability here is next to none due to all the disclosures and explanations we do.

Thanks for your explanation of depreciation.

In that, we get the layman explanation.

***I'm here to learn so any explanation or new point of view is greatly appreciated.When I look at this scenario I get roughly a -6% cash on cash return.UNLESS I take into consideration a 2% appreciation per year and the first years principal paydown of: $4,768.41.

I see too you're trying to get comps.A better explanation of your plan/business will help. :)

Yet, I think that nearly every interested buyer soon found the old listing with the "mold issue" soon after the first showing and sometimes before it and they all were certainly concerned about it and just my explanations (I'm the listing broker as well) of how we totally followed the mold removal instructions, how it was really two small spots (but we had no proof of that!)

I will look into this for Massachusetts at some point but for the sake of carrying on the conversation is anyone from Massachusetts familar with a "Notice to Enter" brief explanation would be nice....

So I guess I haven't been clear in my explanation .Do appreciate your guidance, questions.