I will be at the two year mark in about 5 months.Hopefully, improved supply chains, permitting in the city, and being further out from Hurricane Ian helps new construction in the area, as a whole.

.- Unrecaptured falls under section 1250 and is treated as ordinary gains and capped at 25%- My capital gain from appreciation and improvements under section 1231 was treated as a long term capital gain since I owned both assets over a year.Hope this helps.

We're improving units, management efficiencies and bringing rents to market value.

We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.

What drew me to Detroit initially was the potential for strong cash flow, but I’ve also seen appreciation in several of my properties as the city continues to improve.

I’m buying to improve the property, listing, service, etc so i do it right away.

I recommend researching the average appreciation over the past 10 years in your target area to get a clearer picture.As you know, in real estate, ROI comes from multiple sources: Home Appreciation:  Reno Appreciation: Value added through renovations or improvements (usually just in the first year).

Owner needs cash for some improvements, but if he refis interest rate is 11%.  

The more rational you are, the better the outcome.Practice and LearnLike any skill, negotiation improves with practice.

@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?