The letter also states the total non-rent items currently owed by the tenant, such as accumulated late fees or repair charges.Also very important, the tenant states they have no unresolved issues with their current landlord, except as listed in a space provided, and they have no current plans to cancel their lease under the Service Members Civil Relief Act or for any other reason. 

If you die while holding the property, it gets a stepped up value and all the gain is tax free.If rental the taxes can be deferred via a 1031 and if you die while holding it, it gets the stepped up bases with gain forgiven.Hopefully the numbers provide some example of possibilities. 

Thank you for taking the time to provide the details and the pro forma #'s. 

I do have two really good mentors / coaches I work with that would be able to provide more input but they do charge for their time.

My software provides me with that data so all I do is print it out and give it to may tax accountant. 

I can only speak to Milwaukee, but on average the three distressed properties I have purchased over the past ten years have appreciated an average of 200% all while providing steady cash flow.  

The right agent will provide a pro forma breakdown on every property they look at, have repair costs estimated, CapEx, etc...

Unless you have a way to source off market deals or have a crew to provide labor for below market value, you're kind of relying on hope and luck to find a deal that works.

There have been a few things that I feel like they could clean up, but it seems like they work hard at updating it to provide a lot of value. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.