This was not bought initially as an investment but seeing what the home could bring in the area its in made us very confident in it's future ability to give us a return.

I was thinking more from a market research perspective, initial due diligence.

So ultimately, it's going to be charity housing or transitional services, and she'll kick and scream and scratch all the way there, absolutely sure she did nothing to deserve this. 

Now that I've subtracted it, the Cap rate is no longer enticing, it shows about 5% and Cash flow/Initial investment is 4%.

Hi Jacob, Having a few initial screening metrics can help filter and vet potential markets.

In my mind, this will make it difficult for me to make a case of keeping their initial deposit if the unit is trashed.My thoughts were to slightly increase rents 3% - 5% and have them complete a conditions report prior to renewing a 1-year lease.

The loan requires that a GC give an initial bid for the work and then also sign off at the end that the work was done satisfactorily.

Usually it's a hybrid product with an initial 10 year interest only period and then a 30 year fixed from there.

Charity is charity.

My initial focus has been on single family rentals in Kirkland with the hope of expanding to small multi family in the future.