At the end of 27.5 years if the building had decreased in value to $0, then you would owe no taxes.

All in all, my rent of $850/mo decreased to $550 after taking ownership considering the rental income from our tenant.

They bought so much land it drove up the price of land and also decreased the land inventory greatly.

As a matter of fact, the portion allocated to the interest will decrease every month as you are paying down the principle which means a smaller amount owed = less interest due.

I would love to invest in a student rental, but the surrounding college towns are struggling because of the population decrease in 18y/o in the state.

I understand that I can present comps that have sold in the area to a formal assessor review but does anyone have any other strategies they have used in the past to decrease the assessed value of a single family rental?

I think people are buying at very low cap rates and the percent of real estate investors that have been buying has decreased each of the last 3 years here.

Landlords publicly complain about rent control while secretly loving it because it discourages new construction, it makes market rents rise even faster than normal and it gives you downside protection because your property will never see a decrease in revenue even in recessions.

The acquisition cost seems to be a sunk cost in the end, and the value would actually decrease over time rather than increase.

I'm a huge fan of turnkeys personally and they are all I've bought for myself I am also a huge advocate of newbies buying them because I think when so much of the harder stuff is done for you, it allows you more time to focus on learning the fundamentals and can dramatically decrease risk.My only thought though...if you live in Columbus (or any of the Ohio) cities, why or where are you thinking about turnkeys?