Whether I purchase the property or you do, we will likely encounter the same capex costs, so in my opinion it needs to considered as an above the line expense and reflected in the NOI, since that is the main driver in price.Now whether the seller will agree with you is another matter entirely

Any loans you have that you're paying down will reflect in your net worth each time you make a payment.

I renovated my unit to reflect a millennial, modern taste, and everyone who has seen my apartment really loves it.

Does the price reflect that condition?

The prices reflect condition, the  rehab costs have been manageable, and the ARV's that I have come up with are on par with the market, i think. 

I'll obviously get an inspection of the place and will add a contingency to my contract to reflect the passing of an inspection.Also, I'm getting the price down to $120k to add more room for error.

@Julian H.In reality, the costs of the utilities (in this case water) are reflected in the rent. 

Does the extra $100/mo TRULY reflect the added labor cost in a higher priced area? 

I’m sitting here laughing to myself as I reflect on today.

And then the closing docs reflect those percentages.