Knocking 15K off retail price may not do it.

They knocked $45,000 off my value. $45,000 x 2.46% = $1107 in tax savings.

I cannot attest if this is considered a "self settled spendthrift trust" or not, I just know its a Delaware statutory trust; and apparently it offers asset protection (although I haven't been tested, knock on wood.)

You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.

@Greg CobbThis appears to be some sort of knock off of my company with a poor attempt to gain some traction from our marketing campaigns by using a similar name. 

If i wanted to do a 20 year AM they would have knocked off another 25 basis points. 

Also, the inspectors are TERRIBLE, Sorry but your purchase of all in 350k was a very bad investment, not trying to knock you even further down.

Buyers won't be able to afford the higher home prices nor the higher mortgages because of the rates, so they'll be knocked out of the market.

Or, you can sell it to someone who is more equipped.Some may buy the deal from you, knock down the eight plex and build all new.

Go door knock.