That is standard practice here in NY.

She said there's practically no way for the city to expand its territory.

Do you have budget for some minor cosmetic improvement on the property to "make sense of" the rent increase?

We're working to improve our search. 

I think density will slowly improve with changes to zoning allowing more multi family development in the urban core.

Apologies if it seems naive - but I am hoping to glean some practical info. from you people living and breathing this side of the business. 

its a proven method that many successful real estate investors around the country practice when doing business with private lenders being positioned as banker. the choice is yours in any case.kudos,Mary

Up here the land alone would be worth $50k & you can't get a shack for <$90k.We have had several local 'shacks' bought & then they built McMansions that are beyond impressive & certainly improve the area.

I take it that you are also endorsing this practice.

Can be anything from how to’s to individual stories to investment strategies, etc... really open to anything, and I wanted to see what you have read that you feel has improved your skill set and knowledge.Thanks!