I didn't know if the cashflow was reason enough to pay the higher price was all.58,250(his buying price) with 3% appreciation over 17 years is 102k and 11k net is 110,000 at 10% cap.

Just wondering why these metrics predict such a minor contribution to this pot in the form of CF.

Pot possession is probably the most common one these days.

He recommended replacing the sink because he said tenants would abuse that sink and I would not be happy with the results once pots and pans were banged around in there.

I would limit the exterior work to pressure washing the exterior and painting the front door in a warm earth tone color.Maybe you could dress up the front porch area with a few potted plants, and 2 cherry stained wooden chairs with throw pillows or something.

But, the net-net is once you get to the point where you are beyond the exclusion limit for estate taxes to kick in, every single penny I spend on estate planning seems to return to me dressed up like a dollar.

Thanks guys...We figured we'd put on a pot of flavored, snice smelling coffee and have the comps and list of updates set out on the kitchen bar.

I've read MANY posts on other sites about how Springfield renters are mainly pot smoking lazy bums that don't care about their living conditions and will likely not pay rent and often damage your property.I invest in multifamily part time and looking for good cash flow to support retirement in 15 years.

We GROSS $83,000, not sure why I typed NET, I was apparently letting my fingers travel faster then my brain.

I didn't mind the city cleaning the sewer at our property until after they caused damage to our vegetable garden and spread contaminated sewer particles on our deck and vegetable pots.