Value can increase via no rent increases if the industry is going through cap rate compression (dropping cap rate will raise value price).5 yr term baloon is almost always killer as in this case.  7 yr better, 10 yr is best.The todo in seller financed deals:- Increase value via increased NOI and hopefully enjoy free increases from industry cap rate compressoin so that when you apply for refinancing, the appraisal will come back so that the LTV being offered (70%, 75% maybe 80%) will cover the balance on the sellers note. 

If you plan to remove this garage kitchen, I would consider keeping the sink for use as a utility sink.

Is it possible to suspend the depriciation clock on a SFH utilized as a rental.

Hi everyone,My name is Diego and I am a third year Industrial Engineering Student at the University of Central Florida in Orlando.

Good Luck, we LOVE the home inspection business and it can be a great way to gain knowledge and network in the Realestate Industry! 

Also some damage may not be able to covered by security deposit. 2. more roofs = more capital expenditure. replacing fixtures like roofs/windows etc. costs the same size house, regardless of price of the house3. less able to utilize leverage4. higher turn around with these tenants. if you are using a property manager, this also means more replacement fee for the tenants.One other thing to note is if you can find a home that can be rented for $2000 a month for $200K, why would anyone want to rent that from you?

Its not hard to get the exact taxes, PMI, historical utilities, etc. for a property. leave another 10% capex, 5% vacancy, 10% management costs (even if you self manage)1% rule is just a very broad way to value something.

I’ve been a landlord and GC for over 25 years in Cleveland and serviced the lending industry when the foreclosure crisis was in full swing.

With vacation Rentals, we can easily bring in 50k+ a year, but we only see a fraction of that.Cleanings, replacing supplies, we are responsible for all utilities, etc.

If you know a lot about the auto industry, buying up auto part manufacturers junk bonds carries less risk than a REIT for you as opposed to me.