City may have red flags on several issues. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

In general, expenses related to the purchase or improvement of a rental property can be deductible, but the treatment of these expenses may vary depending on the nature of the expense and applicable tax laws. 

I’ve expanded my sources of leads, but that’s a longer term project as when we establish new sources we become swamped with submissions of deals bearing no relation to our published criteria; at risk levels a river boat gambler wouldn’t touch, or flat out the source just shotgunning whatever crap comes across his desk, without even reading the documentation.  

Hard to find good deals up here and lets not even get into the issues of tenants who default.

The house itself seems like a great deal to me, the numbers check out, the comps all made sense, and the DOM for the comps were relatively quick.Thanks!

A little bit about me thats not related to real estate, I have lived in NWA for 10+ years and I love to call this place home, I am also a sports/adventure photographer sometimes, I love hiking and skiing, and somehow after all these years in Bentonville I am just now getting into mountain biking and I love it! 

I am a recent BP Promember and I am having a continuous issue logging into the BP bookstore.

Should we try to get in contact with the agent/company that issued the policy directly to get some clarification?

The mtg is terminated by “operation of law”….any title company searching the title finds this, it is not an issue at all.