Most people see some kind of cost of living raise, and by increasing slow and steady, the rent increases likely correspond well with the rate at which their income is rising.

The company was a correspondent lender, looks like based out of Illinois.

@Beruk LessaneworkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Is this true even when the seller has accepted a selling price that corresponds with generally accepted industry valuation methods?

What should I include in my correspondence?

Once the shortage is repaid, the monthly payment will drop by a corresponding amount.

Where the property is on your tax return, ads for rent, actual income, written correspondence with your professionals,  your past practice and current business model etc.

Virtually all correspondence with team members would be over the phone, text, FaceTime/Zoom, or email anyway, so I’m wondering if you could share your perspective on why it should actually make a difference where the property is located?

@John Salcedo you may already know some of this, but a reminder doesn't hurt:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

This severely subpar customer service, lack of timely correspondence and initiative from Alan Kirkham should be unacceptable for a company that claims to be top notch and superior to all other CPA / tax advising firms and charges clients a ridiculous $25k fee for their 'all-inclusive services'.