The title and loan is obviously in his name currently but we agreed to fund renovations (and yes, we created a written agreement for this) and then share in the rental income profits.

And, if the home has, at minimum, retained its value then 8 years in loan payments should have reduced the debt therefore creating a potential profit when sold. 

The assessment process for commercial properties often involves evaluating the property's income-generating potential, which can lead to higher taxes than residential properties.

@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario

Specifically, I'm in need of referrals for contractors experienced in handling the unique challenges of renovating low-income rental properties, including single-family homes and small apartment buildings.

We will probably be capped on income at the LTR market rents on the 1007 report, but happy to take a look if you can shoot me an email.

The Central Valley is more of a rest stop area between Socal and Norcal, and it often gets dismissed.However, there are so many people with an abundance of wealth and disposable income that live in the Central Valley!

The budget should outline the total costs and timelines for each component.Forecasting market rent growth is the next step, as it impacts the property's net operating income (NOI) and determines its future value.

When you say long term game, I will keep the gas stations (it will take long to completely wipe out gas phase) with a potential to stream into multiple different source of income.

More info on DSCR loans:DSCR loans won't use your income to underwrite the loan.