I would never deny anyone due to their race, color, national origin, religion, sex (including gender identity and sexual orientation), familial status, disability or (new one for Colorado) source of income.

Although there are many variations, a cap rate is often calculated as the ratio between the net operating income produced by an asset and the original capital cost (the price paid to buy the asset) or alternatively its current market value.When we are talking about CAP rate in this scenario, obviously we are talking about initial acquisition cost.If I have two properties, identical in every way.

I found out her REAL name is Michelle Paulakovich (google it) and she was convicted of Real Estate fraud.

@Riley Yourdon make sure you put in your purchase contract that you will get the leases and rent ledgers BEFORE closing so you can review them.At closing you'll want to require that you get the tenant names, phone & email.There is this thing called fraud when it comes to leases & ledgers, so discuss reps & warranties with your agent.

I review the subreddit inconsistently as well, but find myself frustrated with the lack of identity due to anonymous accounts. 

Your business is not the same as the person who came before therefore your operating agreement should not be identical either.

I don’t want to just do it and potentially commit mortgage fraud. 

The money must be secured by real estate or in the eyes of the SEC you have committed FRAUD.

Best part, their client was self-employed and submitted fraudulent tax returns (yes, we proved the fraud with an IRS Form 4506).Even though ALL PMCs were slammed in this post, we're not going to slam all agents.

The problem with that is two-fold: first there are likely existing assets that are not replaced that qualify for shorter asset lives so you're leaving money on the table, and second you have no cost basis for the removed assets replaced in the remodel as they're intertwined with the initial building cost basis so you'd technically still be depreciating retired assets which is tax fraud.