Popular, increasingly trendy area.  1-4 miles from the French Quarter/Downtown areas. 

I know I can claim it but would that make the Zillow price increase? 

Still in the early stages of conversation but got some beginning information and wanted to see if this was worth pursing:Asking Price: $550,000 (I already assumed that was too high, trying to figure out a reasonable price to offer)Income: $4000 a month (believe there is potential for rent increase (waiting on specifics of each unit))Expenses: $900 a month (Water, Garbage, Taxes, Insurance, Maintenance, Pest, & Septic) Self- ManagedNOI: $3100 a monthCap Rate: 8.72%Stable TenantsDoesn't need major workGood Area, Decent SchoolsQuestions:1) What is a fair win-win offer?

I was coming into this strategy thinking of ways to try and increase property value but I’m guessing that shouldn’t be a focal point going the Section 8 route.

I'm aware of all the good development the new casino's, Stockton, the tech company the Tenseness ave re development, the supposed re development of ducktown etc etc but there is no factual comps to support a real estate boom higher then 10%, overall home sales in the country are still down and there has not been much of a kick up in sales in Atlantic county. 

Despite the federal death tax increases in 2000 from $675k per couple to $5,45M per couple.

I feel like I am on the right path because the three properties I wanted to make an offer on were quickly sold before I pulled the trigger.One of the most difficult things for me to find is a property which still needs improvements so I can increase the value to justify raising rents and accomplishing a proper BRRRR, but one that does not need a complete tear out and remodel. 

PMI is required for deposits less than 20%.Why are you using 5% for Expense annual increase and only 2% for income? 

Are you doing rehab on this property to increase the value and what is your exit strategy. 

We have been exploring new ways to increase revenue at our apartment complexes. 90% of our tenants are well below market value on rents.