However, when compared to Kansas City, Memphis, or Ft Meyers, Knoxville is still a small market.

With that in hand, you can compare similar existing units and determine rent comparisons to have a credible feasibility plan for your lender.

I know appreciation can be a gamble, as compared to cash flow. 

I know appreciation can be a gamble, as compared to cash flow.

Forget demolition costs - that's pennies compared to everything else!  

I tend to use the worksheet to find my magic number for the property and either watch until it comes down or compare the final sales price to what I needed the number to be and wonder if the new owner is making any money.

I'm currently in Midland Texas and am strongly consider a move to the San Antonio for the simple fact that the area has a solid market compared to my current area. 

Rental income is a function of the competition from other properties as compared to total demand for housing.

This is a trust tax designed to level the playing field so that tax-exempt entities do not drive taxpaying business out of business when they substantially act like a comparable commercial business.Because of this tax impact, flipping houses in an IRA may not be as lucrative as most folks think since the common assumption is that everything an IRA does is wholly tax-exempt.  

Compare the prices on the two different policies and I bet you as the owner of the facility will decide to offer a safe place for the tenants to BBQ away from the buildings?