If a tenant ever procrastinates on signing a new lease (with a smaller increase,) reminding them of that clause usually gets a very quick signature on my new lease.Good luck.

I have thus far not claimed any depreciation on this property but don't foresee ever selling it so that's not really an issue.From what I've read, my cost basis is their cost basis which is the lesser of fair market value or cost + improvements.

If you'd ever like to discuss, feel free to reach out.

There are two washers and two dryers in the basement, however only one set has ever worked.

Did anyone ever do an appraisal?

I'm here if ever needed to share any experience I may have.

Partner the in-person networking of that group with BiggerPockets, and you should be off to a pretty good start ;)Best of luck and feel free to reach out to me via PM if you ever have any specific questions!

There is a meetup in Morristown this Thursday at 7 P.M @Paul Papamarkos and @Stephen Kunen it is going to be my first meet up I've ever gone too.

We havent ever used one, but most of the services I have heard of just do them for a percent of savings.

Have you ever bought and rehabbed real estate?