This can be a differentiating factor in winning the bid on a very hot property.

@Christine Kankowski Here's a link to a Wall Street Journal article from last night entitled "Zillow Intends to Buy and Flip Homes"...

So that was another factor that has led me to pursue other options for multiplexes.

Using a realitor, ins't a contributing factor unless the rest of the numbers say otherwise.What you're asking is the same as asking if I bought a new car with tires, could I get good gas miliage with it?

We get over 1.7% in the US so wouldn't go there for anything bellow that. the PM part is a key factor for an out of area investor, so without that its a no go.

Many homes throughout the US are priced at or near your condo's price, you may be surprised how easy it is to find financing (subject to your credit profile and other mitigating factors)

View report*This link comes directly from our calculators, based on information input by the member who posted.

Here is a link to a chart from First American: http://www.firstam.com/title/ca/santa-cruz/resourc...

The main factor for me, if I try to correct the tax records, it might end up getting into higher tax bracket  and it may not be attractive investment anymore, but the big question I have is, will the city/county put it into higher tax bracket if we increase number of rooms and dont have to increase sq ft size at the tax records?

But it might be more passive, for sure.All depends on math, and that I do not plan much more than 10 years (if I will survive up:).If I factor the expenses (related to cost of the residental rental) 2,5%depr+1,5%ptax+2%insurance+management etc., that leaves me really small space to get the profit without appreciation.May be for commercial the numbers will look different.