It sits on a small metal platform that is anchored to the wall.

I wouldn't have a problem renting to them.They want to settle down before the pregnancy gets hard to manage.They have plenty of money to cover lease breakage penalty.I see the baby as an anchor.

So, while no individual or small business privately held is required to use GAAP, all that you must contend with in business, taxes, borrowing or banking, sales, closings and legal matters are anchored in GAAP, not economic values or replacement values or in the case of my million dollar cabin, my opinion of value of property I own.So, my first rule in valuation is to never accept a value presented by an owner, never, unless presented with a current qualified appraisal.

The new wall was anchored to the existing slab and to the floor joist above.

Wondering if I am doing the right thing in purchasing this.The economy has several anchor points, the military, a naval hospital within walking distance, ship yards, ports, tourism "Virginia beach".These are the financials. $74,100 current rental income.$1,800 Laundry (old top load COIN (0.75c) washer/dryer, I believe this can be improved, with new card machines)ExpensesBldg Insurance        2976Flood Insurance      2690 (hoping this doesn't increase...)RE Tax                    6297Electricity                720 (decrease through more efficient lights/washer/dryer)Natural Gas            1200 (2 tankless water heaters, decrease through showerhead)Water/Sewage/Trash  4380 (don't know exactly how much for water, though trash is $33/unit, hoping to add water saving aerotors/showerhead/toilet to all units, maybe submetering)Lawn Care               540   (Will eliminate this due to me living on site) 7% - Vacancy               5187 (little turn over)7% - Management        48246% - Maintenance        4446Actual Income $75,900Expenses        $33,260Net Income      $42,640P&I                   $29,568P&I 2nd              $9,278End Cash Flow $3,79475% loan 5.25% fixed/amortized 5/25Seller financing 40k 6% over 5years So my question is, will this deal work?

This house has become an anchor! 

Preferably not Anchor Loans or Genesis Capital because I already use them.  

Even though I didn't need to I took a job as a teamster from 3-11 am when I quit and it turned into a perfect anchor for getting my real estate license and doing my investing gig.

If's it's a very large center then co-tenant anchor clauses come into play.

And I am more comfortable relying on Ball State as an economic anchor than I am relying on Chrysler as an economic anchor, going forward.