@Daniel Brown Client bought a property with the intention of bumping it up and out based on his contractor's figures.

I got my fist place that way when they offered 100% financing.

Hi Martin,I recently have bumped up against this as well.

I want to offer less than the asking price to help the numbers but at best it will bump it to .8% rent ratio and cap rate I don't see it going past 5%. 

There's a large speed bump on my road there, however, because my work has not been stable during this year (business closed, then I got a summer job that just ended, and now I'm looking for employment again).

It wasn't anywhere near the magic ratio of 1.5 rents/purchase price but with a slight bump in rents and if they accepted a lower offer, we might get the ratio pretty close to 1.25 which I was ecstatic about in this market.

If you're not from around these parts - a starter home in Santa Cruz is bumping $900K.I'd like to discuss location, building a remote team, and the like.Any interest?

As it stands these properties will get a huge bump in basis if your Grandfather owns when he dies. 

Invest for 7 years and it bumps to 15%.- Hold for 10 years and No gain recognized and no tax when electing Basis = FMV based.Let look at an example and do some basic math.Meet Bob-Bob sold Real Property on September 15, 2018.

ok, so I'm not sure I totally follow... is the extension a tenant option or the rent just bumps up in 4 years?