I finally cut him short and told him my stuff will be out Wednesday because the place in not habitable, and I expect to have my money returned, hung up.I spent the next several days entirely confused by all this.

Since your rent may be fixed for a much larger period of time, a sharp rise in interest rates can cut seriously into your cash flow (or even turn it negative, potentially); and (2) higher interest rates will drive cap rates up (since buyers will need to be able to cover the mortgage with a higher interest rate).

The lender may cut it from what it is now but they want to sell the property too.

Prep work and making sure you get the edges right is important.

We sign up for the "rever to landlord" so that there's no interruption of service when a tenant leaves and cuts off the utlities claiming that they couldn't vacuum because they forgot and turned off the utilities early.

I know everyone says "don't look at anything that doesn't gross at least 1%/month of cost" that's only the first cut and IMO it's a way to sure ruin.I don't know what taxes, insurance, maintenance, utility and turnover costs you'll experience, but I can tell you they will drop your return down to about 5%, about what you could get in a CD or money market.

There's redevelopment, but that could cut both ways if developers build too many new units and drive down rents in these buildings.

Don't cut coners by trying to save money, their are peopel that specialize in this just like you specialize in investing in real estate or what ever line of business you are in that others are willing to turn over the ranes to you because you have these specialize knowledge.Let the cpa take careof your taxes you hould be able to find a cost affective cpa for under $750 a year than can and will help you get your business position for growth.

His corner cutting didn't sit well with me, so I left..

So when the Road cuts in my land value will go from 3.6 Million to 13.7 Million.