(i) The term "Insured" also includes(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs,devisees, survivors, personal representatives, or next of kin;(B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization;(C) successors to an Insured by its conversion to another kind of Entity;(D) a grantee of an Insured under a deed delivered without payment of actual valuable considerationconveying the Title(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by thenamed Insured,(2) if the grantee wholly owns the named Insured,(3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliatedEntity and the named Insured are both wholly-owned by the same person or Entity, or(4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by theInsured named in Schedule A for estate planning purposes.

CapEx is not included in NOI because it makes the property more valuable which lowers cap rate.

Seeking advice from a local real estate agent or financial adviser may also prove beneficial, as they may offer valuable insights into the unique market dynamics and investment prospects in Philadelphia and Los Angeles.

With your background in data and AI, you bring valuable skills to the table.

Did you find it valuable? 

As you plan to reset and pursue your goal of attaining $5,000/month in positive cash flow with decent liquidity, partnering with other investors could be a valuable option to consider.There's a famous quote that says, "If you want to travel fast, travel alone; however, if you want to travel far, travel in a group."

Land is finite, making it a valuable long-term asset.6.

Looking forward to building valuable relationships! 

Investing may help investors avoid costly mistakes and losses by learning from others' failures and seeking mentoring or direction.Overall, while starting with limited capital requires creativity, resourcefulness, and persistence, it can also lead to valuable lessons, opportunities, and success in real estate investing.

With your wife being a real estate professional, you have a valuable edge for maximizing tax deductions.