Average condominium sales in our area has historically been in the $70k's but everyone and his brother developer is building, converting and high rising to reach 250k-500k buyers that may or may not be out there.

I will have to agree with Joel Owens when he says "You might get those tenants out eventually but someone else worse might move in so there is no guarantees".However, you have every right to complain both to your landlord as well as the Housing Authority as long as your complaints are valid and within the regulations outlined by the Housing Authority.First off, the Housing Authorities guidelines supersede your landlords rules and regulations.Second, a "guest" is supposed to be reported to the Housing Authority within 5 days, but can stay at the residence for up to 30 days, either consecutive or sporadic inside of a 12-month period.So basically, if the "guest" has not been there for more than 30-days, you don't really have much recourse unless the noise they are generating is out of line for a "normal" household.

Off-market deals are the syndicator's best shot at getting a "deal".As to the fundamentals--it's hard to argue that the fundamentals are bad when the economy is creating jobs, household formation is on the rise and "renters by choice" have now joined "renters by necessity" in the hunt for available units.So let's say that cap rates are 6% and interest rates on debt are 4%...that leaves a 2% interest to cap rate spread.

Planning to work on my hobbies while everyone else in my household is distracted by the game on this drizzly Pacific Northwest day.  

@Daniel FennThere are a good number of companies that offer self directed IRA plans - just not the household names that are 100% focused on wall street.  

I ask how many folks in household?

The second one:  "The renter gives the owner, in addition to the lien given by law a lien on all property situated on the premises, including all furniture and household furnishing, whether property is exempt for execution or not, for the rent agreed to be paid, for any damage caused by renter, and for court costs and attorneys fees incurred under the terms hereof."

(Rental comps have been done for the rent rate.)Rent: $875/month with a $875 depositMonthly Income requirement: $2625Non-refundable pet deposit: $250Pet Rent: $15/per pet (may be negotiable based on applicant's situation), Max of 2 pets, No dogs over 50 lb and no aggressive breeds (I wince because I have a pit bull myself and was an incredible tenant)Application Fee: $35 (will run background check with NTN or any other suggested site)No prior evictions, criminal history, feloniesStable work historyReferences from past landlordsReferences from bosses/supervisorsCredit score of 675 or higherNo more than 4 adults over 18 years old living in the homeAll members of household 18 years of age or older must apply separately and pay the application fee separatelyOnly complete and true applications will be consideredWhat are we missing here?  

The UOP for a building generally is the building and its structural components so you cant look at plumbing and other costs as one UOP. 2)  You qualify for the  Small Taxpayer Safe Harbor Election.A qualifying taxpayer can elect not to capitalize (and, thus, can deduct) costs to improve an eligible building property if the total amount paid during the tax year for repairs, maintenance, improvements, and similar activities performed on the property does not exceed the lesser of  2% of the eligible building property’s unadjusted basis $10,000.An “eligible building property” is a building, condominium, cooperative, or leased building (or portion) that has an unadjusted basis of $1 million or less. 

Right after posting this I received their official application, and more info came to light....such as having 4 pets, they are a single-income household, and both primary applicants are smokers.