Their approach is "pressure tested"... it's been through all the market/economic changes. 

Whatever he deducted in depreciation (or was supposed to deduct) is brought back into play.

Most episodes of bigger pockets mention value adding But often with minimal advice Is there a book , podcast episode , different podcast that can be my guide for the best approach to value adding I’m about to buy my first live in rental property

One bad tenant can easily approach 20K in damages and you need to insure your expense calculations are based on the life of the property not just the next 12 months.

I wanted to put this out there as a contest to ramp up responses and ideas for creative financing approaches to see who can help me in figuring how best to structure the deal to minimize my risk, increase learning opportunities during the process, and maximize returns in light of minimizing risk.

Hey BP World!I have found that many of my investors have been having issues with fraudulent private money lenders down here in Florida.With that being said, I was wondering what types of precautions can be taken when ...

If it seems an investment falls into a gray area, the conservative approach is to avoid that.

The seller has provided me with a 2013 appraisal that is quite thorough and has many comps and valuation approaches, but obviously is 5 years old.He also told me that they have a recent appraisal that was done and when I asked to see it, all I received was a couple of sentences that used the income valuation approach to come to the same price he originally offered.My main question is what value does the income valuation approach have to a property that could potentially be vacant in 3 years?

You could value this 3 different ways:1) Income approach2) Comps3) Replacement valueIn the income approach we generally look at lot rents only as I indicated above. 

My plan is to secure the permits for the lot split and the new construction before I approach a builder.