@James Landsford That punch list is a lot of work that won't necessarily help with you increasing rents over time.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

The shorter the prepayment term has an impact on increasing the rate.4.

This can result in a significant increase in property taxes, especially if the property has appreciated in value over the years.The ATI exemption allows property owners to apply for a reduction in the assessed value of their property for tax purposes.

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

That will most probably be offset by an increase in new mortgage costs and increased rates. 

In larger multifamily investing it's about finding opportunities to increase revenue and/or decrease expenses to drive value.

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.

And as time goes by, rents will increase and your income will look better and better.My first investment in 2004 made $35 more than the mortgage.