Chris,welcome to BP nation.Wow only $4,3k in expenses each month I would say unbelievable, if the owner makes about $19k NOI monthly why he will sell?

It's unbelievable what sickos will do in order to carry out their perversion.

The ups and downs can be unbelievably extreme, and the game for them can change drastically from day to day.

It's unbelievable how difficult these people can be.

Cost is way too high unless you had a unbelievable deal lined up and needed that extra cash tomorrow.  

Unbelievable source on info.

After three years of being afraid to even walk out my front door without first checking the window to make sure the coast was clear, finally most of the stocks are gone and there is peace and quiet and yet the landlord of one of the heroin dealers is continuing to torment me through the most unbelievable unconstitutional illegal use of his power as a board member now.  

They have unbelievably high unemployment, it's a food desert, and high poverty rates, but a 1985 home for $65k renting at $1100 is otherwise tempting.

And you are beyond lucky to not be on the L train - everyone is exiting all L train stops b/c 2019 they are shutting it down -- no plan fo how to get people into the city so far.I created an infographic for you for multi-famiilies only in these 3 area -- but 2 beds and 3 beds int these areas have jumped from $300k - over $1 million -- its unbelievable!!!! 

... using similar calculations as Justin I have come to the same conclusion that in some cases lower value assets can be less profitable even with higher rent-to-value ratios for the very reason that CapEx doesn't scale with rent, though like Justin I don't claim to have longterm experience with these assets but believe the CapEx math though it may seem unbelievable to some ...One thing NOT mentioned, though, is that the CapEx vs time is NOT linear, though the calculations suggested linearize them ... this means that there are "sweet spots" to be exploited, and exploiting these sweet spots becomes especially important in the lower value assets.