Risk-adjusted returns matter a lot more than absolute returns.I'll stop there to see if you're in agreement with those numbers.  

DPW Requests Hearing to ReviewWater/Sewer Rate Adjustments, New Rate StructureMinimum Billing Out, Monthly Billing In The Baltimore City Department of Public Works (DPW) is proposing a three-year package of single-digit water and sewer rate adjustments, as well as a new rate structure that would eliminate the minimum billing for water usage.

You can adjust the property tax amount as you look at houses. 

Constantly reassess that plan, question the underlying assumptions constantly, and adjust where needed, but still have a game plan. 

We have one we use to evaluate a single deal so we just adjusted it to analyze three deals on the same page and then also the overall package deal.

You will not get cheaper money that what a HELOC would cost today but the interest rate is adjustable so it's a moving target.  

I wanted 12 -18% cap rates (interest rates were MUCH higher), and real estate I could buy for 25% + below REAL value.Immediately after the crash of 2008 I sought properties in the most devastated areas (Phoenix, Miami, Las Vegas) that were (1) class A (2) one third previous sale price (3) 8-10 cap rate on residential.Now I look at properties with a steady cash flow (depending on risk and property type), have rents that are short term adjustable in case of high inflation and have a potential equity "kicker", such as neighborhood being developed, restrictive zoning, university expansion, etc.I now divide my portfolio in three areas, not always mutually exclusive.  1- short term mortgage notes or long term mortgage notes purchased at large discounts (secured by commercial properties) for cash flow.  

The housing voucher family must pay 30% of its monthly adjusted gross income for rent and utilities, and if the unit rent is greater than the payment standard the family is required to pay the additional amount.

But do keep in mind that there are a lot of variables go into the formula here so you'll have to adjust with actuals and your own unique situation.  

 : ) Of course, you would need to adjust for inflation, from 1982 to 2016.