An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.

I am based out of Rock County and often come up to Madison.

Of course the above 2 points can vary deal by deal based on the deal terms, but 99.99% of cases align with the above.

You better have a strong plan 🫡

I anticipated a strong but stagnant year for growth (Typical Toledo, right?

In strong rental markets, do not worry too much as there are lenders who will finance your loan even if your DSCR is under 1 (but for best terms - aim for 1+) Typical LTV will be around a 70 - 75%.

Also curious based on the rent rolls, but as you stated, when new the rents were high but as your multi gets older the rents drop due to more competition.

Not to mention the fact that no strong evidence was provided just a stream of consciousnessOriginally posted by @Don Konipol:@Nick RutkowskiYou’ve got it a little backwards.

Without a clear agreement, there is a strong risk of things going south, particularly when you mix family dynamics.

Always be willing to walk away, or, if you really want it you're going to likely pay above what makes the most financial sense to you based on pure math.