With rent and equity growth they can keep 1031 exchanging or refi to pull more equity out to reinvest and grow cash flow.In the beginning I used to think more about cash flow only but now it is secondary to how I can grow equity with a property by future upside and re-position BUT not in such a way it is a massive headache of epic proportions to get that yield.    

Though our common space is compact, less than 1/3 - usually around a quarter -  of the floor space, it contains laundry, mechanical, second bathroom and kitchenette {fridge, sink, counter w/ microwave, no range}.  

STRENGTHS-  strong affordable housing market-  cool city with a great feel-  nicely mixed neighborhoods with properties in need of repair next to nice homes-  large university, robust medical community-  decent rents overall, currently trading at 8-10% cap rates-  Micron promises growthWEAKNESSES-  Micron hype is making people spend way too much on properties-  pesky code compliance inspections here too-  student housing area is incredibly compact and difficult to get in to-  difficult to predict if a property will benefit from renovation or not-  contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.

The powder fills in a lot of the cracks and over time it compacts down like concrete.With the concrete one, talk to a company and see if you can get a curb built to help keep the water from the road on the road. 

I don't know if the shape of the income distribution curve has changed or if it has stayed relatively proportional but simply translated higher.

I'm asking specifically because I am thinking about throwing a treadmill or elliptical machine in the living room if the person wants to exercise a little while they're there.The unit isn't huge (around 1k sq feet) and it will probably look tacky, but I was wondering if other people have found value in providing some simple exercise equipment, even if it seems out of place.Hi Brandon, exercise equipment can be a great differentiator, but I'd suggest a compact setup in a dedicated corner rather than dominating the living room.

The benefits are proportional to the depreciation basis (purchase price).

@Bo Wang NNN means that the tenant is responsible for their proportional share of common area taxes, insurance, utilities and repairs.In addition, the tenant should also be responsible for taxes, insurance, repairs and maintenance on their on unit. 

Also do you promise a fixed return or you just divide all yields and value increases in a certain proportion between you the developer and the investor?

I'll probably borrow from him for our next flip.Just keep the old rule in mind: you have 2 ears and 1 mouth... use them proportionally.