The stuff now in the low 50k or 60k pricing tends to be in rough areas where the main component is not appreciation but only cash flow so you have to buy right for the condition of the property and repairs needed or you can lose everything.I think research would show in these rougher areas cash flow is the main driver and that over time little to no appreciation at all occurs.

The real tragedy is that these council members know that these laws actually driver rents HIGHER (by limiting supply of new units being built), but know that their voters are too ignorant or uninterested to understand the macro economics of the LA real estate market, and only vote based on who voted for strict rent control ordinances. 

My name is Tarrant Hawkins & I'm looking to learn what I can from any and everyone when it comes to real estate investing. From classes I can take to further my knowledge to webinars & workshops to help me sha...

@Carlson Driver expenses are deductible against income on the property.

My personal savings are the primary driver of my portfolio growth.

One thing that sticks out in my mind is to make sure you get a copy of their driver's license so you validate they are who they say they are.

If MF is the primary value driver then your cap rate projection should be market rate cap + a premium for the value add + a market cap for the retail + a value add component for the retail value add = better than a sub six cap.Just given your description of the value add components and the re-tenanting required to get to a market value I personally wouldn't touch it under a projected 9 to 10%, if I really really liked it, and most likely pushing into an IRR into the mid teens.

Uber and Lift drivers are not only using their automobile asset to generate more income, they are using their time to drive people around, so in effect they are also selling their time, getting into the transportation business. 

Another client let his workers compensation insurance lapse before one of his employees was clipped by a driver and seriously injured.

Total office turn around is tied to business expansion and small startups which has to do with confidence in the economy as a main driver.