Here are some numbers below.Purchased in 2015 for 260,000 (FHA loan)Current mortgage remaining 227,000Appraisal estimate= 385,000-415,000Estimated cash out= 70-75,000Which would make more sense, I think with the cash out refi could still have possible a $ 300.00 cash flow and around 100,000 equity left (25%)?

I put 5% down and have a mortgage balance of $160,000 remaining.

Would you be able to recoup the cost of the repairs over the remaining life of the building?

The lease says "If the Tenant remains in possession after the Termination date, and the Landlord accepts rent payment from the Tenant, this Lease Agreement shall become a month-to-month tenancy that renews automatically each month until it is terminated by either the Landlord or the Tenant by providing a written notice to the other party not less than 30 days before the date that tenant’s next rent payment would normally be due".

However, there remains a point of pain.

RareBird would make their split in cash at the sale of the lots and I would make my split in equity with a discounted purchase price of the remaining duplex.

Now if that’s logical thinking or just fear talking, that remains to be seen.

@Bradey Peavy So far it appears prices have remained relatively steady but activity on both the buying and selling side have slowed down.

I find it useful because the format is simple to review, easy to modify and the calculator considers 1) property annual appreciation 2)rental inflation 3)bank deposit int rate 4)general inflation 5) individual marginal income tax rate etc.

Debt is getting more expensive and rents could remain flat on some properties.