CAP Rate is a calculation of the current NOI / sales price.  

As part of your due diligence under the sales contract you will require estoppel forms signed where they attest to the status of the rental agreement.

They would owe $20k/yr while I pay only $5K,  I believe it would force a sale of the property bc the property would no longer be a profitable rental.   

This will probably mean a discounted sale. 

We are renting the property now and I know we have to meet the 1031 guidelines to do the exchange.The motivation for the sale is he needs care right now and I would like to have a larger more functional house available for him to be cared for.Maybe there is another method to minimize capital gains taxes that make it easier to sell and keep the property 19 tax base ?

Anyone have thoughts or insight on possible bubble burst in PR or numbers on ADR vs Sale Price.thanks Scott

Prop 19 will force sales bc property taxes will be very high.

Furniture for Sale From Luxury LLC Corp. $1.Sorry to tell all the cottage industry attorneys and gurus on BP that owning or vesting in a LLC no longer keeps your identity secret.

Purchase price: $450,000 Cash invested: $10,000 Sale price: $675,000 Ideal farm area SFH MLS deal.

Have you had success keeping a property out of auction after a sale date has been issued?