Long term, however, I think it does look quite bright for equity appreciation and rent prices.

Your return on equity is very low based on those numbers provided so yes, some action needs to take place whether it be adding square footage, new construction, or 1031ing.

After about a year of that, I turned that position into a full-time job that was half property management and half project management.

Private buyers, and especially those that are raising capital from investors, are having trouble bringing together equity.  

Hi Craig,When considering using an All In One (AIO) loan—similar to a Home Equity Line of Credit (HELOC)—from an investment property for renovations or additions to your personal home, several tax implications and practical considerations arise.

Borrowers have to pay their HOA I am not from Florida either but I believe most states allow the HOA to foreclose for non payment of dues most states give HOA's special foreclosure laws that are stronger than a simple lien in order to give the bank 1st priority otherwise an HOA is a document recorded prior to the first and would hold priority if they didn't sign it or legislate that position away.

great insight. i suppose i was focused on the positives of continuity but didnt consider any potential issues or large market swings. thank you!

Maybe there is an opportunity to put a little less down payment and use the rest to force more equity via renovations.

Hey i was wondering if anyone knew any dscr lenders that would be willing to take the 2nd position on a loan, i have a property in Oakland california where the seller is willing to finance 85% of the purchase price at 5% interest, The asking is almost 4.6 million on an 18 unit apartment, i dont have the down payment for the remaining 15% which would be 689,250. the seller is willing to come down on the price and at market the apartment brings in 41,255 per month, tenants pay thier own expenses. i tried calling a couple of lenders but they said they wouldnt take the 2nd position or would only finance until 90%.

I have 100k equity I can access for a HELOC.