They were clay tile and tend to collapse over time, and will definitely need to be replaced at some point.

That version of valuation is definitely on the flipping/investor end.....

The issue with lower-end properties is that, by definition, the people that rent them are like one sick day away from missing rent.

Texas is definitely a pro-business state.

HI KaliyaTry reaching out to @Carolyn Dietrich this is definitely something she would know the answer to.

But I am definitely not big enough to run with the big dogs.My challenge is that I feel stuck in this middle space.

If the first date [21 days after tenant vacated] always resulted in accelerated "expiration", then the language in the paragraph would not make sense.I acknowledge your answer, but I would appreciate if you could corroborate your interpretation with an example (with or without early termination) where the 60 day rule would come into effect using an alternate definition of "expiration", or with case law.

If the above expenses and rental income are correct this deal definitely deserves a hard look... here in NJ we can' t touch these numbers...Also, how are apartments?

We definitely run background checks & we will raise the rent to market value if the demand is there.

Then comes the saying, appreciation is icing on the cake and should not be counted on and I will say definitely, in some areas of the country.