I had just planned on being aggressive with rent increases and renovating apartments on turnover.

After it was flipped and sold last year, its assessed value shot up $90,000, causing an increase of $4,000 annual taxes.  

After it was flipped and sold last year, its assessed value shot up $90,000, causing an increase of $4,000 annual taxes.

I've read a lot about the upcoming vote on the SDSU West vs Soccer City Initiatives, however I'm curious how you all think this will affect the surrounding area real estate values? Specifically homes within a mile rad...

Repairs can be expensed but anything that increases the value of your property is to be depreciated.  

. - Buy using hard cash, - Refinance my other properties to get the cash back + get the rehab fund, - Rehab of $30,000 to increase it's value to around $230,000- Rental units of 50 units with nett cashflow after expense and mortgage of $1200- Repeat: finding another opportunities with the extra money that I got from refinance Conclusion: I got the property with 0 cash invested (though short term cash is needed & using other property for refinancing), get $1200 / month (still in progress).

You have to look at the numbers of what that extra loan/increased interest rate is going to cost you.

Easy solution: increase your purchase price by $5,000, and have the sellers pay $5,000 of your closing costs.

I would cut your expenses and/or increase your income so that you can get into your first deal in the future.

New water supply lines are nice to increase the water pressure for the tenant, but the budget may not allow right away.