No offense, Bernard, and if you think I am incorrect, please give me an example of your most fee-efficient customer who has the lowest total fees as a percentage of assets invested.  

It turns out that with our MLS here in MA (others are probably different), vacant units isn't a term we can search on.Here's another fun quirk with our MLS. 

After going through the purchase of a different duplex last year, the inspector didn't realize the heating system was installed incorrectly and two bedrooms weren't getting heat at all. $1000 dollars later, this is something he should have noticed.

Granted I’ve been thinking the stock market and real estate market has been overvalued for some time, and it keeps rising so maybe I’m incorrect.  

Also, @Ryan Swan was slightly incorrect in saying cash-on-cash doesn't factor in principal payments.

In addition to any others that may apply, always include the first two boxes (1) the value is incorrect, and (2) the assessment is unequal to similar properties.  

I'm budgeting $40k for the improvements which include a $10K reserve for any project mishaps or incorrect cost estimations.

You really need to go down to the city, tell them about the scope of your project and see if a permit is required for anything.There are several risks to not doing this:1) Incorrect work done by a contractor is not discovered.2) House burns done due to faulty work you have done.

Hi there I'm new to Bigger Pockets so I apologize if this was posted in the incorrect forum.

If you never claimed depreciation (or claimed it incorrectly), you still have to pay taxes on depreciation recapture, and you will absolutely need professional help to fix past depreciation errors.5.