Thanks for the great information.

This strategy allows you to tap into your equity without overextending yourself financially.Investment Strategy:Single Property vs.

Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

I am waiting for those 60 days to complete as soon as possibleAttached is the letter I received from county today as this tenant keeping junk cars and trash all around the property even after informing him multiple times.

Essentially looking for someone to come in and take over the books and payroll (Quickbooks for both) as well as maintain this work from here forward. 

I see you pulled up a previous post regarding this.

What neighborhoods in Philly were your new construction projects in, or was this Cherry Hill NJ? 

Example with zipcode 11203:  https://www.zillow.com/rental-manager/market-trends/11203/Then if the market temperature on this page says warm or hot, I'll look up a house I might want to buy in that zipcode.

However, this doesn’t seem right to me because there is no taxable gain or depreciation recapture.

Building : 1878 /2008 Renovated.Price : $600000 Asking Total Tenants: 15 & Monthly Rent : $21173Deal Analysis Value Over Time Can you please let me know what else is missing in this to get more accurate deal analysis.