A comparable dwelling unit:• Is constructed in accordance with the standards of chapter 4 of the 2006 International Energy Conservation Code as such Code (including supplements) was in effect on January 1, 2006,• Has air conditioners with a Seasonal Energy Efficiency Ratio (SEER) of 13, measured in accordance with 10 C.F.R. 430.23(m), and• Has heat pumps with a SEER of 13 and a Heating Seasonal Performance Factor (HSPF) of 7.7, measured in accordance with 10 C.F.R. 430.23(m).All of our AC and heating units are SEER rated 13 or higher, and I found the construction codes for the IECC chapter 4 and in reading them we appear to meet all of those requirements.

Hi Elliot,To really analyze the deal, you'll want to factor in a few things (i.e. repair expenses, vacancy, etc) that you may have overlooked from your numbers above.Try searching for "50% rule" on here, or check out this (rather long) sticky thread to get an idea of things you'll want to consider:http://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-

Chicago went up 1% in July & 0.5% in August.It looks like BP was incorrect on the appreciation factor.

Even though the problem is now solved, just wanted to point out one other possible factor.

Note terms are pretty much designed to the deal, usually longer than a year and less than 5 with amortizations as Jon mentioned including principal and interest.

Jake, a non-profit has many doors to it, I didn't look it up, but a 501C3 is a non-profit, charitable services, a B may be for the public benefit, Steve H could look that up, but, besides the designation;Search here for non-profit, I had discussed doing hosuing as a non-profit having been there.

I may pull the trigger tomorrow.There are a few factors you may be overlooking. 

This is a pretty personal issue that depends on a host of factors including your current financial goals, investment opportunities, risk tolerance, time horizon, cash flow, cash reserves, etc.

Life insurance is a tough business and having to overcome the age factor was just another obstacle.

I'm not sure about the bandit sign method since these areas are all in designated cities where there are applicable regulations against it.