I've lived through two of them and prospered greatly in the first-oil market collapse in the '80s, and survived handily during the second-investment banker's scam of the 2000s.The first time I paid cash I noticed the first benefit at closing when I looked at the HUD-1.

I have benefited immensely from the folks I have met in the REIA I joined. 

@Will Gaston that would probably be the best course of action for me, the benefit would far outweigh the expense with this type of niche.

Your next property can be a duplex, where you still benefit from all the fha rules for low money down, better interest rates. 

I was recently watching a webinar that @Brandon Turner was hosting where he was going over the benefits of using the BP Calculators to quickly analyze deals.

I was recently watching a webinar that @Brandon Turner was hosting where he was going over the benefits of using the BP Calculators to quickly analyze deals.

Upgrade the electric, install egress windows, and finish out the basement.However, you need to consider the cost of all this vs. the benefit.

But you likely benefited from the same forces when you purchased your place...as even if it was vacant, the price was anchored by all the previous sales of fully rented units....BUT, for any multifamily, appraisers also value based on CAP rates which WILL reflect if places are selling for less because rents are low...versus an empty unit that will have a higher price because it will be based on the pro forma rent.  

Does anyone know what can be done to get him out if I purchase or what I can do to make the adjustment in the rent even thought he supposedly has a valid lease with 3 more years. 

Again, I get my numbers from T12s and the risk adjust them up.