I think you just want the unit to appear cheaper when people are filtering through listings.

I believe one can find equivalent deals and value adds today, but the rates would hemorrhage the cash flow.  

Unlike all other deductions, you don't directly make a payment for depreciation, so it appears to be some freebie paper deduction.

Hi, it appears like with have it all mapped out with your plan.

Your payment magically appears pretty quick.

From what I have gathered Ohio, Pennsylvania, and Michigan tend to be the states that keep appearing as the best spots for potential Section 8 landlords, at this moment in time.

It appears that the electrician comes to change one plug, and is then hired again the next week to change a plug in another part of the building.

Your debt payments appear to be around $16.8K per year, not $24K, so I'm not sure where that figure is coming from, but once the mortgage is paid off, you'll have some more cash flow to play around with.1031 exchange is always an option if you are really just done with this property and want to sell.

Turned out the ad appeared in the papers that weekend, we went over to see it right away.

Although from the landlord's perspective, it appears that the price has been dropped significantly from where they started, it still may not be enough to meet current market levels where demand is sustainable.