., property appraised for $475k so we pulled 70k our by refinancing into a 30yr @3.75% with a principal+interest payment of $1600 + 300 for taxes and insurance and rented it out for $2500/mo, renter pays utilities, we manage the property, new loan amt is $340k.Other identical townhomes in our development and others like it have sold for $600k, so I would say that I could conceivably sell the home once the current lease is up and walk away with $200k factoring in all selling costs.I expect that we will be able to raise rent to 2700-2900 in the next 2 years or so and possibly up to 3200 in 2021 as there is a light rail being constructed that will drive a lot of demand from people commuting to downtown seattle.Specific Questions:Since I refinanced and took my initial investment out of the property, this seems to skew all of the standard evaluation metrics (IRR, Cap Rate, etc...), if I factor equity into the equations this looks like a terrible return and if I don't its a great return. 

All four leases (it’s a 4-plex) read identically but only one is a section 8.

Account Closed Do you know if the new HVAC units will consume at least 50% less energy through HVAC functions than that of an identical unit that is non-energy efficient?

They are all free here.Dance of the Money Bees - goes into the stock market manic mentality, on how markets swarm up and down, clearly applicable to the RE market as well.Guide to Dividend Investing - the thought process is identical to cash-flow producing properties, where the cash flow is the dividend!

Hi Joe, That is close to the identical process that I ran with my first rental.

Bill if you have 2 identical homes sitting side by side both priced at $250 but one is listed as a short sale which one do you think your RETAIL buyer who wants to close in 30-45 days is going to pick.

Hi Account Closed, Never done it, but everything I have heard and read is that it is almost identical to residential and often cheaper, you just want to make sure you don't over rehab. 

The affidavits will then be reviewed by title company's underwriting team, and if given the green light, proceed with closing.The affidavits will prove to title company who has the legal authority to transfer title and identity who has an equitable interest in the property. 

Not entirely sure how heavily this weight into their decision, but wanted to throw this info out there so folks can do their own research, consult with their own advisors/CPAs etc and make the decision for themselves.Banks consider NAICS codes to protect themselves, and the ones deemed "high risk" are simply ones that have a higher likelihood of cash transactions which therefore could be more at risk for tempting thieves/fraud.

All us evil, Conservative, Capitalists are going to hell, so all you thieving wasteful Dems move over and let us in lmao!