From what I've heard you want to have at least a 3% spread between the interest rate and the cap rate.

(see pic) The next door neighbor has been asking us to remove the tree as it is about 3-4 feet away from their wall and they are worried the wide spreading root will damage the house foundation and piping.

Even if it’s not higher, if I borrow money at 7 and make 12 percent return, I’m not sure that spread is enough for me.

If you are looking to gain/spread net rental income, $300-$500 per property across multiple properties, then out of state is the way to roll as the cost to acquire vs. market rents in CA typically do not pencil out.  

@Francis Rusnak refer to the Chicago zoning chapter 17, the link here should summarize the amount of allowable units based on zoning: https://export.amlegal.com/media/12b70ab4bc42a5c7791edc1ccb4024289a556667/DATAOBJECTS/0-0-0-38364.pdf

Four bedroom, two bathroom home spread between two floors with roomy living spaces and two cozy fireplaces.

If your business paid for something to be used for many years and is relatively expensive, say a $100,000 excavator, you spread the $100,000 deduction over 7 years, aka depreciate it over 7 years.You can then dive into more complex aspects of depreciation:why 7 years?

Someone in my network voiced concern to me about being potentially liable in the event someone in the house spread the virus to the other occupants.

This typically involves networking, which during this pandemic has reduced community networking and has cut down to mostly just social media. 

After 5 more calls and several social media posts to c-suit execs, marketing team, and the parent company, they finally did what was right and fully refunded me my out of pocket expenses.