Try to compound it over 30 years and see what the payoff would be :-) @Nick B I incorrectly assumed it was a NPN because it was thru PPR, my mistake.

.: @Steve Babiak - he just converted the unit from personal residence to a rental this year so anything done before the conversion can not be depreciated.That certainly is INCORRECT!

I spent a number of years working in banking compliance and this type of an account is an immediate red flag not just at account opening but also for closure once someone figures out the account was opened incorrectly.

I am going to go against the grain from other posts and say that reducing calls and pre-lease (and lease) automation is not an incorrect business implementation.

If I'm incorrect in this, please someone correct me, but that is my understanding.

There are a LOT of attorneys that will use the disabled to shop around for lawsuits by finding even small violations of the disability lawsOwner handled the situation incorrectly because he didn't know the laws.

As a new user I am very happy to be sharing conversation with colleages within the real estate industry at large. To the forum moderators congrats on a great job in developing the forum and your positioning on the se...

An appraisal for a SFR should run between 250-300 (no more then 350).My apologies, I read the loan amount incorrectly---s(he) appears to be making almost 4.4% and not 6%.

Thanks,She can lose her license if this is done incorrectly.

Many people think (incorrectly) that the cap rate is something they want.