@Malcolm F.

Asking Price is 556k        Appraised Value "Sales comparison approach" 598k         Built in 2004Decent location in the middle of townAll units currently rented "Units leased are 1 year leases" Unit A Leased Dec 2018 $775Unit B Leased Sept 1 2018 $700Unit C Leased Nov 2018 $900Unit D Same renter for 3 years, month to month current rent $850, they are upping the rent to $900 in Feb 2019Unit E Leased Oct 2018 $900Unit F same renter for 2 years, month to month current rent $850, they are upping the rent to $900 in Feb 2019Unit G Leased in April 7 2018- March 31, 2019 $700 Unit H same renter for 3 years, month to month current rent $675, they are upping rent to $725 in Feb 2019Total current income = $6,350   After rent increase next month income will be $6500Expenses - Tax $817- Est.

Some people use ABC come use ABCD, some add F. 

The #1 factor in making money in class d/f areas is market knowledge and knowledge of how to deal with the issues that arise from investing in a high risk area.I grew up in a class d/f area, and Ive invested in those areas in the past.

We both have full time jobs & i have a Detailing business, our goal is to be able to leave our "m-f" jobs and live a happier, healthy and more financially free life.

@Justin F. a lot of people are confused about the 20% pass-through deduction but you do not need an entity to qualify for it.

Even f you forward it, the junk can end up in the box, maybe remove it from the curb and put it in the garage for now. 

Hey @Colleen F. 

"f off, I'm not writing a 'CPA letter' because my liability insurance policy will be cancelled if that lender sues me!"

West of Sunnylane, south of I-40 and all the way to 59th is an F area in my book and not worth the hassle with the class of tenant on top of dealing with a difficult city.