This is especially true with our payment myopic society and the spend-till-it-ends culture.

Yep, Springfield is the cultural center of the Ozarks (LOL) within about 100 miles of 4 of the top 10.

For example, a common contemporary liability value is 1mil/1mil.

It's just not socially acceptable in our culture.

Churches, alumni, fraternal & social work agencies, or organizations typically, along with thousands of arts, education, cultural & industry specific associations make a lot of effort to donate, or subsidize housing---in particular. if your mortgage is $ 300K at 6% apr using $ 2,500 a month in the first few years nearly $ 18K will be deductible. if you're renting to some tenants certain programs will filter far more inducements to both you and the tenant. obviously there are reasons that you'd most likely want to own units that cost $ 60K and rent for $ 1,500 a month to make even more sense out of these opportunities. when i was 23 my best friend a newly mented attorney, who lived with me pursued buying a 2 family home that the City of NY's Housing Development Preservation (HPD) offered us for $ 1. it needed about $ 150K of improvements. we were supposed to borrow the $ 150K at 1% interest under a very aggressive renovation schedule that returned the property to it's fully taxed  assessed value in 90 to 120 days; or we'd have to pay 2% apr for the sums we elected to borrow from an HPD aligned lender. my income was 3 times the lawyers; and i wanted him to live in another 26 unit apartment building we were developing under an even more lucrative program that allowed us to borrow $ 500K at 1%, if we ("I") put down $ 25K. i wound up renovating the apartment building on my credit cards and we walked away from the 2 family: due to the lawyer's reluctance to move into the apartment building. i actually felt that having him in my own apartment really confused the women that visited me.

A racist police chief creating a culture of oppression?

I toured their properties and neighborhoods, and learned about their culture, met most of their staff, and interviewed with key personal.

I think it's a cultural thing where a lot of them prefer to hand me the rent directly and receive a receipt.

Will include new kitchen, new bath, complete window/door package and exterior redesign to convert 50's home into a contemporary, quintessential Venice beach rental.Thank you in advance for your help.Colin 

The project can be done but I always like to start fresh, then you can add a contemporary car door size and entry door.