Another example would be if John never sold the inherited house but used joint funds to make improvements.

BUT if you buy a property with a low cap, then renovate the units/amenities/reduce expenses, raise rents and by that improve your NOI (net operating income), then the cap rate after 1 year will be significantly higher.

If you're familiar with North Dallas - it's near Walnut & Audelia :/Her condo is in need of a full interior renovation, but she doesn't have the money for additional improvements.

Use the money, time and energy toward buying a house so you have something to protect. 

Obviously you have a ton of energy and passion for what you do and thanks for being such a great member of the community. 

for an energy reduction...

Maybe someone who is more efficient, is an agent and works in larger volume can do the rehabs for a little less than we can and make them work.  

My recommendation would be to keep the property since you put in work and energy to find it and get it performing.

NOI from new lots filled would be mine.Not sure how to deal with any capital improvements, was thinking clause to get reimbursed.At end of option, some portion of lease payments to be applied to down payment.

+ good locations+ add value+ cash flow+ prudent leverage+ long-term debt= improved chances of success in up and down marketsDeal flow is king right now.