The best overall returns I have seen came from a property that was about .5% on purchase, whereas those that met the 1% “rule” have performed worse overall from a cash on cash or IRR basis.

In fact, I actually see Class B/C assets out-performing a lot of Class A properties in a lot of secondary markets.

(Not recommended because if it is sold the buyers will check the rental income and your income will be short) That could possibly be explained. 3rd: If the owner is performing maintenance/repairs/improvements this would be calculated in operating costs since no one would be able to live in the space anyway. 

The appraisal performed by a licensed appraiser would be the most accurate in this case but if you do not want to pay the cost to have the appraisal then it may not be worth it.

This is especially in consideration that your buying a performing asset and and not a hummer, home remodel, trip around the world or other horrible use for your HELOC.

Before going to contract next time ask if there is a CLEAN phase one on the property performed within the last 6 months?

These 3 are my best performers.  

Success is having enough provision to accomplish the task.

Aside from a very few state to state nuances the 1031 is performed the exact same no matter where you are. 

No repairs will be performed.”My question is, am I able to request repairs despite the terms and what strategic options do I have here if any?