Upside Potential and Plan When Acquired: - Rent Raise $600 + (Will force value and appraise much higher for income based appraisal)- Continued Section 8 Opportunity (Predictable Cashflow)- Capital Improvements (Exterior Paint, New doors, Windows.)- Decrease expenses by water being included in tenants lease.- With the higher appraisal due to improvements made, we plan to cash out refi after the 6-12 month seasoning, to pay off the first and land better terms to keep long term.Here's my Question: Because there wasn't many comps, if not any at all,  would the appraisal be based on the income the property is making at this point?

I've stuck with banks so far but with 4 loans now, I might be forced elsewhere soon.

If it's bad enough, you may be able to force her out based on your personal safety.

Oh yes, make sure they have insurance in force as well.

Showing someone the door is open, shows them they have choices and it's not like you're locking them and forcing them in-- this is a CHOICE. 

Fix the building, force the appreciation and collect higher rents.

Find a temporarily distressed asset that can be turned around, add value to force the appreciation, and increase cash flow.

The first big issue is the screen limitations force items to be placed oddly or dropped altogether.  

That's essentially what I did in a hot market and 2 years later I am sitting on a ton of equity thanks to forced appreciation.

Thanks Stavros B..I'm interested in the driving force behind why, of all the places in the world, you've come to narrow your REI search between Chicago & Detroit.