Relying on that logic is to rely on resulting.  

The thoughtful renovation and smart pricing strategy attracted buyers quickly, resulting in a solid return for both Partner Driven and Seth Choate.

The boot amount is taxed as capital gains and may also trigger depreciation recapture.For example, if you sell a property for $500,000 with a $300,000 basis, resulting in $200,000 of gain, but reinvest only $400,000, the remaining $100,000 is taxable.

Non-compliance can result in penalties up to $500 per day and potential criminal charges.

I guess one should always consider that the rate is always based on FULL loss and FULL replacement, so I guess there's no harm in asking, though your results may not be as advantageous as a layman might consider.Thanks all for your input. 

Do the condition of the units match market rents?

You will start to see people that are a few steps ahead of you in life and investing and can see 1st hand the results. 

However, it does not result in a negative cash flow tenant situation.good luck

You will pay for it in the rate, which typically will be .5-1.5% higher as a result, over 3+ years it ends up being quite a bit more expensive.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!