Pretty much standard here, and the same rule is in the statutes (WI).Now I understand that there are many details that can influence it, but my background is, that the dad moved in with the daughter beg. of Jan.

And there is a chance that some areas will see substantial apreciation in the future.

I'd remove your email from your post before a mod edits it and docs you some influence points...

I haven't started my own busisness yet, but Accounting has been a huge influence and benefit in my career.

One factor that may influence comps is that this is gentrified area, with home prices that change almost by the block.

I have found that the houses you can buy for $5000 or even $10,000 dollars are in need of substantial rehab.

It’s not his only profit center, as it is for some of those I noted above, so the cost is substantially less.

IMHO the only thing a one year lease in Texas is good for is to show the banks you have it for substantiated income.

And this could influence people to ignore the property completely.Will post my results tonight.

Those cheap houses offer substantial returns, but I'm curious about the risk involved.