Goodman.

@Barbara Goodman @Yinan Q., I was treating 'maintenance' as a combined incidental and capital expense budget.

@Will Bernard no bc the home was worth about $110k as-is when I bought it@Stephanie Goodman That's good to know :)Irma C.

@Barbara Goodman One unit was renting for $1500 the other unit for $2000-$2100.

New Casino/development along I-295.

Complaints from sellers that didn't close, boohoo. they still have the property and they took a chance, these are the same people who if they lost a quarter in a slot machine would insist the casino give it back because the didn't win.

So you had every car dealer in the South build new facilities all those Casino's that got build in MS Gulf shores they got the depreciation..

My $0.02; Cap rates are really a gross measure, it is the 1st level of analysis that you do in your head to figure out if you should turn the page and read more about it.Bethlehem has nice areas (downtown, near moravian etc) and some bad areas.. south side near the casino (well maybe that is not quite "bad" but it is a certain apatite) or as you get closer to Allentown. 

If the seller was my father, I would try extra hard to get him what he needs vs making a killing off of him @Harry Goodman.    

The stadium project also includes homes, a city park, a hotel, commercial development, and a new casino.