I am confident of on-going rent appreciation but am more neutral on continued market appreciation.Good luck

We wanted cash-flow neutral properties in a safe high appreciation market for the long-term and Boise was the best place to be.

Seller wants to provide everything caveat emptor “Purchaser beware”Purchaser wants as much assurances prior to closing, certain Seller reps and warranties will survive, but typically hard to enforce post-closingPossible solutions include escrow account for highly volatile circumstancesThe parties involved SellerSeller’s Agents i.e. managers, engineers, leasingPurchaserPurchaser’s Agents i.e. engineers, surveyors,Seller BrokerPurchaser’s BrokerSeller’s AttorneyPurchaser’s AttorneyTitle CompanyEscrow AgentLenderWho does whatSeller is responsible for approving the submitted documents from Purchaser in a reasonable timeframe, but typically not a contractual dutyPurchaser typically proposes LOI, PSA for initial term discussionBrokers are responsible for conveying information and negotiating their client’s position based on market comparablesAttorneys negotiate detailed terms within written agreementsIn some cases, can act as a party’s broker if a deal is unrepresented by a commercial brokerTitle company provides title insurance subject to listed exceptionsCan also act as escrow agent to hold Earnest Money and Purchase MoneyIn the event of a dispute, title is often very neutral and requires both parties to sign a release consenting to liquidated damagesLender will engage in some due diligence on the value of the assetMay require changes to loan terms based on documents discovered during escrow period

This would bring that property down to a neutral cash flow position but again allow expansion.

The property will be cash flow negative at purchase when allocating for all expenses when adding in PM, vacancy, cap ex/maintenance, misc costs.You have a real big range for ARV and no estimates on repair costs.As a buy n hold the negative cash flow will eat at the initial equity until rents appreciate enough to make the purchase cash neutral.

However, using that neutralizes the cash flow.

It discusses the art of neutral thinking and overcoming challenges by getting to the truth to determine action.

Solar may increase in some locations, be neutral in others, and may decrease value in others.

Obviously every revenue property investor has different expectations, but if there was a neutral number out there that most investors could be content with, what would it be?

Anyways, keep the colors to a neutral/earthy look.