When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

I did most everything I was supposed to do, increase my income, decrease my living expenses, save cash, etc.. 

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

However, San Diego is an extreme case.However rents increase fast in San Diego.  

After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

@Jadan WilliamsIf I were in your shoes, I’d start by clearly defining my investment goals and identifying target markets with strong job growth, population increases, and development potential.

It’s worth considering the trade-offs between the stability of income and the increased oversight and hoops you'll have to jump through.

Adding a 1/2 bath, new roof, central air or other typical improvements will increase the value of the property. 

Towson things will be nicer but the purchase price will increase.