Now, a 10 to 100 unit apartment building, yah, you can argue cash flow.

I would argue anywhere near a military base is ideal as you always have transitional families that do not want to buy. 

While the IRS does not have a clear cut holding period for 1031 timing, it is typically believed that a two year hold while renting will suffice for its purpose of deferring the gain, unless it can be argued otherwise for a shorter hold.

If so what number are you expecting to get based on those comps, and have you tried arguing it with the lender?

Currently working my way through the ABCs of Real Estate Investing audio book.I'm a newbie so I have not done any deals yet but I'm taking ACTION.

I sent him certified mail of my intentions and actions according to our partnership agreement ( as there was a section just for partnership buy outs and dissolution of partnership ) He argued with me , said he didn’t understand why I was upset and didn’t trust him .. then wanted to try to negotiate the amount I felt I was due for the work I already did to that hoarder house and even questioned the hrs I listed ( which was already on our daily spreadsheets previously when I recorded them ) but , in the end .. he ponied up the amount I wax due .. it was pennies on the dollar really .. it’s not like i was looking for a $15hr job ..actually, I think I ended up with closer to $25k .. but still .. that house alone I was projected to make over $50k on my end ..Now .. as upset as I was with him .. cause I really didn’t understand why he would blow up our partnership like that .. according to him he didn’t need the money .. he wanted to start building his real estate empire instead of flipping them ..which I would have been ok with ..hell ..

Everyone is welcome to the SE Florida investors Association Weekly Meetup @ ABC Chinese 1919 w.

If I just say my "going in cap rate is XXX%" all that matters is for my comparisons I am keeping it consistent.I would argue you are overthinking it, especially if this is for internal purposes only.  

Assuming you want to avoid paying an attorney, you should be able to handle this on your own IF you don't want to challenge the amount of the water bill etc.You could call the water department about how to pay it off in full.You could call the City attorney who is on the summons and ask if you can pay this off before the hearing.It's possible that your Alderman can give you some insight about how to deal with this quickly.IF you attend the hearing, try to meet with the city attorney with a check in hand before the hearing begins and you might be able to have the case against you dismissed without having to answer/testify.I wouldn't argue that you didn't receive water bill as everyone knows that you have to pay your water eventually.I don't know what court you are going to but it may just be an initial hearing where you answer the complaint.Good luck.

OK, so now you know what it might take in order to do it RIGHT, and I'd argue even then the risks don't go away or get down to par with local ... now, factor in all of those extra hassles and expenses you would be signing up for and don't forget to go back and revisit your own home market where practically none of this extra baggage applies.