So as an amateur (and I'm really an amateur) I'd assert you went down the "here's a lot of bad data" as opposed to "here's 2 comps that are extremely on point that show substantially different values".Again, I'm not an appraiser, so feel free to see my thoughts as "invalid" as well :-)

I'm super curious what you found - everything I saw was co-ops or similar.NU grad students also have reliable income - the university asserts it funds all PhD students for 5 years, including a housing budget that students can take to whomever they wish.

These gains can be offset by Section 1231 losses, resulting in a net Section 1231 gain or loss.Your CPA's assertion that the Section 1231 gain from the syndicate cannot be offset against passive losses might be based on the classification of the gain.

I was actually expecting a counter meeting half way at $7,500....but what I got instead was an insight into the personality of the seller...which made me even more nervous about what needs to be done to the property to get it up to speed,  Given the assertive response in the counter offer, it made me wonder why the other two units weren't rented out, and gave me the sense the seller isn't being forthcoming disclosing issues on the property.I don't know if it went under contract yesterday afternoon after "all the other offers" were considered.  

Therefore it might be the case that these administrative entities (which are in charge of such classifications for such account) may not agree with the assertions of the plaintiffs.

@Daniel McFadden  Nobody can "confirm" assertively at this early point.

I disagree with your assertion that a positive cash flow from your first rental property does not change the DTI you had before you acquired the rental property.

If he isn't the owner, it's very logical that he won't allow you to talk to the actual owner and will say she doesn't want to talk to you...It sounds like this guy is one of those who just need an ax to grind and an insecure ego with a need to assert himself as someone important...This guy can't sue you for something he is claiming you did to his property because it's simply not his property.

A good broker with experience can and will represent you assertively, and will have no problem telling you what the deal is, either with the seller and their property or with your own offer price and deal structure.It is good to recall that every competent broker will be evaluating *you* as you interview them, looking carefully at your knowledge, skill and experience.Like attracts like, and a lot of great brokers will not represent beginning investors, as it is too much of a learning curve for them to teach.

Haven't got prodio so this comment is pure computer science.We normally create an object (aka contact/client/customer/user, call it whatever you please),and then assert (define) each object HAS A attribute, like first_name, last_name, phone, address, ....There's lots of places a contact can be used and it's a nightmare to have this data segregated into different places according to use (say buyer vs seller).