I've sold two identical properties side by side at the same time, one was tenant occupied, one I waited for the tenant to leave, spruce it up and then listed for sale.

Here are two scenarios to make my point, assuming I have $100k (easy number, over simplified to make my point) to invest:Scenario 1:  I could buy 1 $100k property in cash that rents for $1000/mo - cash flow is ~$500 (~50% rule)Lets assume that property appreciates (long term average) of 3% yoy - total ROI is $500x12=$6000+$3000 appreciation = 9% total ROINow,Scenario 2:  I could buy identical properties with 20% down using the same $100k, but now I have ~$400 mortgage, cash flow is now $100 per property.Assuming the same long term appreciation of 3% yoy - total ROI is now $100x5x12 = $6000+$3000x5 = $21000 or 21% total ROIWhile the example is grossly oversimplified, it highlights the value of leverage because you have more appreciating assets that are growing year over year. 

I plan on talking to an attorney and folks in this space (there was a conversion right down the street from me to an identical building 7 years back) but thought I'd ping my BPers first.  

Driver's license information can be used for identity theft.  

An asset is something that returns more money than you put into it...otherwise it's a liability.Let's say you put two identical houses side by side, with one owned as a rental, and the other lived in by its owner (house hacking, duplex, etc...all qualify here). 

So the historical revenue on one could be drastically different from an identical unit on the same street, depending on how the owner manages the property.

So if you're on Section 8, or if you're on Unemployment or student loans (things that are theoretically designed to be temporary) - we have to treat your income identical to that of a W2 Employee.  

I am in nearly an identical situation although my partner is being more reasonable on the pricing.

The interest rates for vacation homes used to be nearly identical to the rates you would receive on primary residences. 

In my area in South Dakota, I recently walked through a house with a client and had two different electricians quote almost identically the rewiring work which included some new outlets, new breakers and panel and outside mast.