Sometimes they take a creative eye to recognize. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

We don't have that many properties for admin yet, we aim for properties that make at-least 60K a year in revenue, which has proven to be a slow crawl for our company and are not growing at the pace I would like.

.: Quote from @Travis Biziorek: I agree with a lot of this but recognize there are exceptions.Equity is absolutely where it's at.

It is proven high end and has some of the best views - it's truly a rare opportunity as developable land disappears quicklyIt's 8 prime lots (around $1m a piece) and half are multi family (2 duplex and 2 triplex). 

So they want to assist us, and they want us to do the work as we have proven ourselves to them to be honest and detail oriented.

– I’m exploring whether I can remove the SRO designation and replace it with Artist Dwellings, but I’m unsure of the legal requirements or how this conversion works.If anyone has clarity on the definition of Artist Dwellings or proven strategies for making this type of conversion, I would greatly appreciate your input.Thanks in advance for any insights!

FYI-  for a long term rental, a lender will consider the income right away (75%) if there is a signed lease agreement or an appraiser' estimate STR/MTR Income Must Show Up On Your Tax Returns- Before a lender can recognize that income for underwriting to offset your DTI, they must see it reported on a schedule E on your most recent tax returns. 

I recognize it's all market dependent,  but what are you seeing work where you are? 

They need to recognize the problem cash for keys (for poor behavior) causes and recognize evictions are an expense related to being a LL.