:lol: We can all get through this, and I still believe that the next generation of millionaires will be made out of this mess, but it is so hard to keep a positive outlook when the government will not allow the free market to take its natural course.Today's events are just frustrating me, and I needed to vent.........LOL

Hello Loretta,Thanks for reaching out. Look

. +/- $15000 and there are several options within a couple blocks that have more architectural appeal.Apjones is a bit on the edge of the desirable business area for the non-family buyers.The weather this week is going to be very nice... there should be a lot of people out looking.

I don't have time to go through and thoroughly underwrite this deal right now but a few quick things stick out:-looks like the above is straight from a broker's pro forma in their OM, not based on actuals-your expenses are at 38% including capex reserves, almost definitely too low for this property-there's a lot you're not considering with you CoC figure of 13.42%.

We agree that the margins are tight, but according to the long term outlook, profits increased, so holding it seemed to be a good deal, but again, the area might not call for the type of increase the deal analysis is dictating.  

What is the outlook for this investment?

If I had to actively pick a market though (which I'm starting to think about researching other markets to branch out to) Wilmington never would have ended up on my list due to the high crime and lackluster economic outlook. 

Some areas allow you to use a square footage calculation (or people in the house) to split it out (look up RUBS).

They are a retired couple and pay cash on time and lived there for 10 years.Their adult daughter reached out looking to rent the renovated side.

And if there are any Mainers here, any recommendations for markets in Maine with more attractive cap rates and appreciation outlook (not interested in out-of-state investing)?