We don't like to let our friends down, so the goal is to get the appraiser to feel as if you're a friend in the short time you're together From a Building Trust standpoint, many appraisers (and others) are leery of rehabbers these days because a few of them give the rest of us a bad name (shoddy work, lie about repairs, etc).

Hi everyone,There are couple of ways to value the price of land in depreciation, such as the 80/20 (20% to land) and Using Property Tax assessor's values, or getting an assessment of recently sold lots in the area.I was discussing this with one of the CPAs, and he shared that if the cost of building the house is more than the purchase price, then the land is essentially of no value. 

@Aryan StraussDude, if I had a dollar for every smoking tenant who insists, just like you, that they NEVER SMOKE IN THE UNIT...they always lie.

I agree what others have said sweat equity it and do what you can hiring out only what you have to in order to take the shortest straightest line to cash flow coming in. by the time you sell this thing you will have 2-3 more payments out the door as well. its clear to me, they both hurt but the option to hold will recover...some day.so you either set yourself back for a couple years losing and paying on a property you dont own or a little every month on one you do that will eventually have upside, unfortunately if i was in your position i would look in the mirror and say made your bed- lie in it. 

@Mark S.The guy could be lying to get out,But could also absolutely be true.

If they deny the incident entirely, then I would get a copy of the police report and use that as justification to send that lease violation notice and include a copy of the report so that they know they can't get away with lying to you.

So many lies.

Take a look at either your Retained Earnings line (if you're reinvesting cash into the asset), your Shareholders Equity (if you have partners and are pushing out K-1's, at the end of the year) or Owners Equity line on your Financials, you will clearly see what I'm talking about, the financials don't lie unless you're cooking the books or doing them wrong.

So, our new tenant signed on for a year lease without a dog at first but with intention to get a dog. We informed them ahead of signing of the breeds we don’t allow. Our tenant finally got his new puppy which he is cl...

(assessor, owner, another appraiser etc.)