Old PM will not give back escrow deposits until I threaten them from my RE lawyer.  9. 

Simon, Here in FL its much easier for us because we know a few things:1) The U.S. is severely under supplied in housing units. 2) Tons of people are moving to Florida everyday which makes point #1 even more drastic for us. 3) Interest rates are preventing people from selling their homes, because then they would need to re-trade for a higher interest rate buying a new home, which is creating even more housing demand.So with this knowledge, now we move to more market specific data, which is what I talk about in the original post.If a market shows decent growth and demand, then it all boils down to the numbers.Its important not to forget about any costs though.

Tenants are moving out and we re-rented it...new price which is market value is 25% higher than the rent the old tenants were paying. 

Speaking of Quickbooks, if a tenant goes a few months without paying through the app, you have to re-connect them to Quickbooks after the tenant calls because they are unable to pay. 

The balance of the building is owned by relatives of this owner and occupy one of the storefronts with their RE company, for which this owner also works (as an appraiser for one thing). 

And make sure that all items necessary for you to get the best rate possible from your carrier (like 4 point inspections, roof attachment points, pool enclosures etc) are present or available.One nasty little factor that can't be helped is that every time you buy a property for more than than last owner paid - you will have a tax bump due to re-assessment. 

As we know there is only so much your RE agents can do about this ..

The assumption is that I would re-fi to a conventional loan when (if) rates drop in the next 5 years. 

@Bill B. check with a RE atty. regarding depreciation recapture. 

Noted re: dealing w/ Clev Heights!!!