A lot of real estate returns is luck from an up market (appreciation).

When you end up buying a place, you want to make sure you are getting a good deal and you want to know what kind of return you will get. 

When the tenants demanded return of their deposit, I immediately acknowledged my mistake and returned the deposit.This does not change the fact that they are responsible for these damages. 

For example if you know the price of the characteristics, you can calculate expected sales prices for different possible renovations among a menu of different ways to renovate, and then try to make a return maximizing decision.

Make your offer contingent on proof the numbers are accurate ( if they acceot your offer ask them to provide T 12, rent rolls, utility bills, proof of deposit, Tax returns etc)As far as it being big enough that depends on your goals, what are you looking to accomplish and how will this building help you do that?

How to sell and diversify from SF to MF assets and from more to fewer higher returning assets. 

A place for opportunities with high rent returns for relatively low purchase investments.This question assumes you have good enough credit, debt/income ratio, income, etc that getting the loan will not be an issue.  

But I dont want to put mil to a deal and get 50k per year and headache in return.

Hey fellow BPers,I’m looking for some guidance/help regarding my personal tax return and K1’s.

Rather than GRM, many folk prefer the %/m gross return figure (In this case, 1.09%/m).