If the person views the successful individual as someone at a lower station, from any metric, age, profession, education, ect the effect is magnified which drives them to seek increase their own success. 3.

So your number of 715k may not be too far off depending on the square footage and also the age of the cabin.For anybody to suggest otherwise without knowing more information on your specific cabin isn't giving you the best advice to be honest. 

Aging reports would be another avenue to explore, but again, may not even have these.Lastly, while maybe this property is in a desirable area of town with strong demand from highly qualified tenants, but I get the impression this is a rough part of town, with very limited demand from tenants.

I built my first modern 7 years ago and like you agree that some (not all) moderns will age out.

We plan to rebuild, but our neighbors are aging and do not wish to go through a rebuild.  

Hell I can get an aged SHELF (not shell) company for $695 there and it was the EIN and all that. 

In Illinois, the minimum age to officially become an unlicensed assistant is 18.

show my age?)

Are there any investors between the ages of 18 and 25 in this group?

Further, we need to account for a $10k “reserve” for what will be repairs / maintenance as the property ages.