So is recycling LLCs dangerous in this regard? 

Then add in the two distinctly different types of buyers for these properties, the investor and the owner-occupant, and you get two different price points as well.What I'm getting at here, is when it's time to refinance, you will need relevant comparable data in your area to back it all up.

However, bridge financing is dangerous because if you can't execute the value-add, you're depending on appreciation to carry you through the refinance.

I've considered removing the dangerous cables myself but I don't think the tenants would be thrilled with that.

Dangerous dogs on premises. 

All of this information and more is important to figure out to know if this deal is going to work for you.Cap rate is a very misleading and dangerous way to value/buy a property.

Subtracting out a generic 50% in dangerous, because that number could actually be higher and then you'd be misled to believing you have a better deal than you really do.

There is a distinct difference between investing in real estate that produces cash flow and using their own cash to buy that cash flow.

DO NOT advertise on zillow or hotpads because the people do not read the ad or even the headline..they get a notification on their phone a rental is available and a phone number and then they just call you or email you....When you advertise on Section8.com and CL....I put in the very first lineNo FeloniesNo EvictionsNo smokers of any kind ....not even cigarettes or MJYou can have 1 pet but no dangerous breeds of pets, I.E. no pit bulls, no mastiffs, no snakes, etcNo illegal drug users.For both my rentals where I got to screen the tenants I had the phone ringing off the hook.

As an aside, I noticed someone mention that you can buy turnkey props on MLS and I just wanted to point out a distinction because it is a source of a ton of confusion in REI.