You're doing the absolute right thing by investing in Cypress Park which is a mere 3 miles away from this location.Congrats again on your new purchase!!

I seem to be hearing the word tenant and him paying you rent a lot and I don't think I made it clear I didn't increase my portfolio I didn't purchase this house for me I purchased this house for him with the expectation that he was buying the home From me I was simply financing it for him because he had no ability to do it on his own and him being a family member he said while I'm down here if you need help let me know and I'll be glad to help you I did originally created him a rental lease but that was because he only needed it for his social security the entire home from day one until now has been a purchase I had my attorney create the purchase agreement he just never find it but he kept paying the same amount of his mortgage payment every month that we agreed on from day one it was never referred to as rent I just want to make that clear in case that changes any misconceptions he wasn't a property manager I handle all tenant I handled all issues he was merely available if I needed help or I couldn't make it for something small like flipping a breaker. 

Other inspectors will merely use a pair of binoculars to visually inspect the roof from ground level vs pulling out a ladder and doing it the old fashioned way. 

I was merely suggesting that some businesses operate at lower margins (different than operating at a loss) and higher volume as part of their business strategy. 

So I tend to think of probate as merely a title problem.

If you are wrong about longterm appreciation rates, you still make money via #2 above, mortgage paydown, and the mere fact that your 30 year fixed mortgage payment stays the same while rents go up with inflation (or possibly more).4)Driving a bit outside of the city limits up to an hour or so (but still commute distance) you can often find places where the cashflow is better, but appreciation won't likely be as good or as steady.

What frustrates me re threads on NPNs in 2015 was too much guru talk:  buy an NPN at 20% of outstanding balance, mail off to the (not paying) owner an off the cuff work out (30% off the payment, 30% off the principal) poof they sign and mail back all is well.  

The depreciation taken on your relinquished property merely becomes part of the calculation of your new adjusted cost basis in the new property.

(Note: Rishel Consulting Group does advocate a program it teaches to both community owners and depositories that would meet the burden of "closely tied" as defined by the courts.)The Court rejected the Defendants’ attempt to characterize this case as one about mere disagreement about a law.

The existing precedent in Kentucky indicates that the mere construction of gates by the servient estate does not violate the dominant estate owner's easement rights.