Back then I rough penciled the deal around 1.5% but with the realized rent increases it came out to be more like 1.7%. 

From this, I realized two things-1.

This post really helped me realize quality step to tryin to get the best outcome possible!

I realize that, if true,  this is governed by state law rather than federal statutes, and therefore there will be fifty different answers. 

You must be a lawyer and the most you can charge then is 25%, not to be more than $1,000.YUP OLD OLD information being regurgitated for the new investor who does not realize that so many counties frown on this while technically possible to do in some areas.. 

I realize that turnkey properties mean you can’t improve equity so a re-assessment would not add lending dollars, but is there a scenario where the numbers work? 

Fast forward to 5 years ago when I sold my second business and realized how utterly unprepared for retirement I was now that I’m almost 50.

You seem to be glossing past that fact in your post and maybe you don't even realize it, but you literally emptied the bank (equity) to come up with the down payment. 2.

It's not going to do ****, and when the market smells the coffee and realizes that it'll have take a bit of a beating.

Some posters eyes will open up when they realize you're doing just what the Columbus Cartel is doing but trying to be the victim and sly about it.I'll wrap it up on here too.