That may take a few years to settle itself, but that's not a neighborhood fundamentals issue and will correct itself naturally, especially as more neighborhood commercial and amenities continue to infill to meet the new population.

If you're cash flowing positively, gaining natural appreciation, your interest rate is reasonable and your tenants are paying down your debt I don't see why you would want to make extra payments, personally, unless maybe you're ready to retire and need the extra monthly income to cover your living expenses, or you're worried about hitting a rough patch and not being able to make the payments.

From my observations most investors are better off going through a more natural progression of growth.

Its easier to trust a Guru who preaches great returns than to buy something that doesn't have as good returns in your backyard. many people will follow where they are told the easiest way to make money is its human nature.

Answering these questions thoroughly allows you to optimize your communication because, rather than casting a broad net and hoping something sticks (which is more or less the case with the method you were asking about), you target segments that have a natural affinity for your business.

We don't get many natural disasters of this caliber so I'm not sure what to expect for the future.

You can buy 25% below market value, force appreciation (BRRRR) or wait for natural appreciation.

In any case there is no taxable event yet.As far as your brother is concerned, it again depends on the nature of the transaction. 

It’s designed to capture all relevant details, including hours worked, descriptions of tasks, and the specific nature of the involvement.

(a) A person may acquire an option or an interest in a contract to purchase real property and then sell or offer to sell the option or assign or offer to assign the contract without holding a license issued under this chapter if the person:(1)does not use the option or contract to purchase to engage in real estate brokerage; and(2)discloses the nature of the equitable interest to any potential buyer.