Remember, this is a "below the line" expense, it does not impact NOI.I'd like some more clarity on your numbers, Cap Rate, etc.

There will be a lot of near term disruption in the rental market but that very much depends on the market sector of the property. To analyze how each segment will fare the crisis, we created a table which we call, “Th...

@Leopoldo VazquezKeep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways.If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

📮😃Now, I must say that because we live in a very litigious society, you have to prevent yourself from getting into any legal quagmires, so I'd advice you to chat with an attorney and/or a very reputable title company in your area.Oh, also, the direct mailers typically take a few rounds to start making a huge impact.1 in 2000 mailers will result in a deal (source: National Association of Realtors®). 

In apartment complexes, a new manager and an infusion of capital for renovations can make a huge positive impact on value.

If you are telling the tenant you are evicting them, they are probably concerned that they will have an eviction on their record, thereby impacting future rental, credit, etc. 

If you can accurately predict it - let us know as many may want to change strategies.What will be more impactful (in terms of waiting) and a more predictable occurrence affecting your decision is rising interest rates. 

There's a lot of different variables that can impact the cost...For one, what type of foundation is it? 

See the Zillow link for the property below; interior is only 2,000 sq. ft not 2,556 (2,556 includes the garage)https://www.zillow.com/homedetails/600-N-13th-Ave-...Work for this house would include turning it into a 3/3 while leaving the existing 2 car garage, 3 brand new bathrooms, remove the wall separating the kitchen from family room, refinish and/or replace kitchen cabinets (countertops will be reused), replace all exterior doors and windows with new impact glass, new HVAC system with duct work, minor electrical (high hats, new fixtures, inspection repairs), paint, new casing/baseboard, and maybe new interior doors.

Additionally, if you are claiming income and depreciation on the property that may impact the exemption as well.