And how is a locked 4.8 better than an assumed revolving line at 18%.

This evaluation is further supported by a recent CBRE pricing opinion of $11.5-12M"What they done is evaluate the price by assuming the return is 5% annual.

Assuming you are not actually lending money on the property as a 2nd or third mortgage (because 100% interest in 3 months maybe considered usuary in your state) and you are investing money in her LLC where she is promising you 100% return on your money in 3 months.

I figure its between 10-15 properties assuming they are paid off.

Not sure if it is state dependent, I assume it is...Mindy: Unfortunately Mike is West of Rochester, so about 2 hours away from Syracuse unfortunately.Still open for any input you have Mike!

After refinancing your ROE should be higher...As long as you are assuming a 30 year loan with a nice low interest rate.

I'm assuming you mean the listing agent is trying to purchase the property for himself.

I am assuming that tax certificates do not have to paid in a sale, correct?

So assume for a minute that your net sale was $200K with a loan of $125K. 

All things considered, I’d say you could have an honest conversation with the tenant and do a modest increase to help you increase profit and get closer to market and the tenant, who I assume has been there with the unit not fully updated already, doesn’t mind staying in the less attractive unit for the more attractive price so it still helps them.