If you rehabbed the property be prepared with a list of repairs to justify the increased price.

There's a more complicated way to account for the TI money, but simply out you can amortize it over 60 months by increasing rents $1 per every $5 given.

I will have a decent amount of equity from down payment, 4 years of higher payments at 2% interest,  and appreciation from bettering the condition of the building and increasing rents. 

OrIf the property is acquired without tenants, can this parking spot extra charge be something that can be adjusted month to month (maybe only some months the tenant would like to use it, and maybe the demand increases with more tenants).

The biggest take-away from the book is the possibility to do value add plays by increasing the NOI. 

Given the timeframe, and the fact that property values have risen across the country, there is a good probability your property has increased in value.. 

That would still be a very nice return over the long long term, despite a few years upfront of fronting a bit of negative cash flow.Also, another consideration is that any increase in rents caused by inflation can push these from $0 cash flow to positive cash flow.

@Joe Lambert You can bifurcate taxes but that’s generally used to increase the depreciation at a faster rate -earlier on.

I’m getting my license so that I can increase my income and knowledge to be able to do deals, but I want to stay heavily in the investment sector if possible, and was wondering if you guys even use home inspectors, and if not why?

Exit strategy is sell in 5 years, increase rents as much as possible, and get into a bigger deal.