While the 1% rule can be a helpful guideline for some investors, it's essential to note that market conditions vary greatly by location, and finding properties that strictly adhere to this rule might be challenging, also in Richmond.

For recapture, this could also vary due to a couple of factors.

Hey @Jackie Mcmorrow - I'm a broker and investor based in NYC, I've done deals in Westchester and can talk about whether or not co-ops make sense for you. 

I am a realtor based out of Cleveland, OH and I have a client who is looking to lease a commercial space for his business.

Your taxable gain (based on income) would be $68,500 at averaged (13%) = $8,905I'm not a CPA, but this is a rough understanding of your position - hoping someone destroys this breakdown. 

Based on my research, it seems I should be expecting negative cash flow here.

View report*This link comes directly from our calculators, based on information input by the member who posted.

**I'd really appreciate your thoughts and experiences as I navigate this journey of growing my network and client base.

I just assume the paint is lead-based and take the necessary pre-cautions. 

Unless you are Mark Zuckerberg with a super secret underground base and an unlimited budget no one is going to even look at, let alone, sign an NDA to do a quote on a house.