Most like their til death, I mean mortgage, to live up to its derivation. 

**************************No, each appraisal is done for a specific purpose and a specific client and the client owns the appraisal and the appraiser has the duty of confidentiality to the client and therefore, cannot share the report or their opinion derived from the assignment, with anyone, without expressed specific permission from the client.

I think having $5000mo in cash flow as phase 1 allows people to think more clearly especially if your income derives from real estate.

Most of my income is derived from re-sales.

According to the website of the Ministry Of Tourism in he Dominican Republic.On October 9, 2001, the National Congress approved Law No. 158-01 on promoting tourism development for areas with little development and new centers in provinces and localities with great potential, to accelerate a rationalized development process. of the tourism industry in all regions with potential and natural conditions for tourism exploitation throughout the Dominican territory.In the law above, the Tourism Promotion Council (CONFOTUR) was created, to apply the guidelines of Law No. 158-01, as well as create the conditions and facilities necessary so that innovative tourism projects can benefit from the incentives granted by law.Through Decree No. 372-14, the Technical Directorate of CONFOTUR was created, in charge of handling all technical matters derived from the application of Law No. 158-01 and its modifications.Classification application files, to comply with the terms of Law 158-01 and its modifications, must be sent through the CONFOTUR website by completing the Application Form.

Without that adjective, the GSI should be taken as the ACTUAL rents.Cap rate is the NOI / the purchase price, and NOI is directly derived from Actuals vs Pro Forma.IMO, NEVER run your numbers using pro forma, as it's too easily misquoted and it becomes another problem in your due diligence process; use the Actual Rents at the time of you offer.

Much of our success was derived from the BRRR strategy, we have gotten lucky and bought some property’s that were just miss managed.

Speculative investing in real estate is buying something with the hope or expectation that it will increase in value, and derives all or most of its returns from that appreciation alone.

The other consideration you have not spoken specifically about (although you may have already thought about it) is that if you do indeed do those renovations to your unfinished basement, besides the excellent cash flow that you will derive from the basement unit, you will also be significantly increasing the capital value (market value) of your property.  

Strategies, including areas to target, should derive from the goals.