Focus on the expenses and the cash flow based on actual data (or as close as you can get) and let all the other benefits of REI be icing on the cake.Wholesaling is a world unto itself, but for buy and holds, I always recommend that investors (esp new ones) focus on B/B+ areas where folks like nurses and teachers and skilled laborers work, places regular folks want to raise families etc.

Positives of the House: Amazing updated high end kitchen all stainless steel appliancesNew RoofCan lighting in all bedrooms, living room, and kitchenHigh End basement bathroom includes Jets in shower wall and Heated tile floorNew Central ACNew FurnaceNew HVAC ducting throughoutNewer Vinyl SidingNewer guttersMany newer vinyl windowsNewly wired for gigabit speed ethernet in all roomsOpen cell insulation on second floor roof (solves all cape cod style home problems with ice damming)Nice landscaping both in front and in backGreat curb appealFenced in LotFull BasementOpen concept living roomVery low taxes compared to rest of Lake County IllinoisFinished will have 2 full baths, 3 bedroomsNew copper plumbingNew Natural Gas pipingAll Capital Expenditures are taken care of!

You should have ran the numbers with the rent at 1250 and only offered based on that, any higher rents are just extra icing on the cake. 

Especially if you can lock up some attractive owner financing might be icing on the cake.  

Tax benefits are only the icing on the cake.4.

In the winter, ice and frost developed all over the attic.

Wanted to break the ice first before I bring up the increase.  

When little Timmy asks mommy for ice cream and she says no what does he do?

You are being kind to someone you know and losing out on $800 / month income, give yourself some ice cream with sprinkles you deserve it.

This sort of appreciation is icing on the cake and should make the discussion easier when i meet with the hard money lenders.