CBRE labels it "Reserve-adjusted NOI", and is a final total just below "NOI" after baking in the reserves.

Some investors say property management is easy, etc.I would venture to guess the tenants you are talking about might be lower income and if they are it is like managing children almost and very intensive to get the rent and accomplish other things.

It all depends on your adjusted cost basis.

One thing to consider for the stucco front - I imagine you can do a different color / same intensity, but can you safely use a more intense (darker) color than what is on there currently?

I have spoken with national banks, local banks, and mortgage brokers.As a side note, I beleive the property taxes in my state are the highest in the country but the rents are high as well.To go along with the fact I am having trouble refinancing, one broker mentioned not listing many write offs in my taxes because they will be looking at the adjusted rental income and not the gross.

(And I just adjusted my keyword alerts - thanks!)

There are many factors that will determine your ROI, and you will have a more management intensive investment.So if you have the capacity to create leverage and the tolerance for risk along with a skill for evaluating property you can generally create a much better return owning property.

Hi Konrad Lightner definitely compare the APR as disclosed on the TIL, and the adjusted origination charge as disclosed on the GFE.

You just have to adjust your price for the extra risk and cost. 

A buyer can get a better rounded opinion in many instances by talking with a very reputable PM in the market place  ( caveat being that the PM is not also a TK provider as that would not be truly unbiased in most instances).I think the benefits would be numerous1. you know the areas that are management intensive  ( Hood)2.