Comps in the area and on the same street showed the value was there and we went in with an offer that was 20% below list price.

Comps in the area and on the same street showed the value was there and we went in with an offer that was 20% below list price.

My property management style and lease are very strict, however I also provide high quality housing slightly below market rates.

I offered the seller 20% below asking price and they counter offered 12% below asking price and I accepted it because it was $1000 below my maximum offer budget amount.

One corner of the property and the basement floor are about 3 feet below the base flood elevation.

Consider the IRR of your cash flow below based on various holding periods (you can do this in Excel):3 yrs -   IRR is 28%5 yrs -   IRR is 17%10 yrs - IRR is 9%I'm comfortable with a 15% to 16% IRR (i.e.

We were able to sale the property purchase, still at 50% below market value.

I've come across several of the prior deals recently, but the multifamilies are rare in my price range (ideally below 400K) and in Class B areas.   

This stands in direct opposition to a capital intensive industry such as manufacturing where employee and owner skill may be less important than the company's fixed asset profile.While S179 is a valid strategy in the attempt to drive a taxpayer's taxable income below the 'threshold amount' so the SSTB receives the un-phased out Sec 199A deduction, a SSTB may not have the investments in fixed assets necessary to drive them below the threshold during the year unless they're already very close to the threshold.Some other ideas for taxpayers owning a SSTB to lower their taxable income:Roll taxable bonds into tax-exempt bonds.Life insurance & annuities.Real estate (it's BP after all).Oil and gas investments.Charitable gifts (including CRTs).Gifts to taxpayers with lower taxable income (powerful option is to gift a percentage of the business to a trust).If a SSTB is well above the threshold, a compelling case could be made that the business should be a C Corp in the current tax environment. 

So far we've been dealing in SFH that carry around 6-8% cap rate and have been happy with that but like the idea of have 1 building to maintain and acquiring multiple units in one transaction.The issue with coming up with a price is that valueing it based on current cap rate with under-market rents is definitely far below what it's worth, but a value based on a cap rate at market rents is also not representative since the building is obviously worth less with it's current income.