Fair return is calculated to determine if the owneris maintaining the net operating income produced by theproperty in a base year, subject to CPI-related adjustments.https://www.readkong.com/page/guide-to-oakland-rental-housin...2021 - GUIDE TO OAKLAND RENTALHOUSING LAW

We paid him in installments and we're at our final stopof rebuilding our entire kitchen and finishing up small details like filling upnail holes, bathroom vanity installs and etc.

Feeling very confident that once we are completed, this property will attract buyers quickly  at a strong market price.

Hey everyone,I thought of this hypothetical scenario where I would do a seller-financed deal on a property valued at $250,000.

Once complete, I expect this 4 family to gross $7K monthly, with a net cash flow of $3K and have $250K in equity built in.

We purchased our first LTR property this summer and have a renter since September.

What made you interested in investing in this type of deal?

Learned a lot over the years on managing this park... 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Sounds like this is more about your ability to qualify because of claiming depreciation.