@Alfie Bartley, maybe I'm misunderstanding, but wouldn't an ARV of 55/60/65% be even better than 70% where it'd be a no brainer at that point? 

Unless I’m misunderstanding. 

As a property manager, you might encounter a common misunderstanding that landlords are exclusively accountable for lawn upkeep.

This is a misunderstanding a lot of new investors make.  

Maybe something happened, some misunderstanding, something. 

I think a lot of people misunderstand how to use a dynamic pricing program.

I spoke against its misapplication and misunderstanding.

Taking the time to carefully go through the document will allow you to fully understand your obligations as a tenant and avoid any potential misunderstandings in the future.

Sure, the Bay Area is a different area with different economic drivers, but that doesn't change the fact that buying on future appreciation is still speculative investing.Don't misunderstand -- I wasn't being critical or dismissive of your approach or your results.

Hi Pam, Here is a post of mine with links that answers your question and more: Let me clarify...You are not alone...this is a common misunderstanding by both tax professionals and investors.