Do you have a rent roll for at least the last 2 years, so you can see how it has performing?

If the city ever wants to add sidewalks or run utilities underground, those homeowners will be out of luck.PS: I have never seen a juridisction pay to remove items in an easement or compensated owners for performing work in an easement.

We will continue to observe the performance of this property and eventually will build a second house next to it.

There are absolutely areas where you can beat a 10% cap rate - I see it all the time - you just need to know where to look and what types of properties perform best.Some areas I would check out include Bailey, Arvada, Westminster, unincorporated Adams County, and many more I could point you to beyond that.

The whole scheme was buy a foreclosure, "sell" it back to someone that can't qualify for traditional financing with seller financing at a higher rate, once note is "performing" you can sell the note and make a lot of money. 

Had to be requested through a third party and in my case I only got approval to turn on electric.  

I can probably point to a 2-4 unit that performed better than a single family, and I can point to a my own single families that performed better than my duplex.  

I only ask because every 10K gets you more and more borrowing power!

I ONLY carry performing debt, debt that pays me to hold it.

Number makes sense on paper but let's see how we perform at the beginning of next year.