I also make adjustments for acquisition prices.

Beyond the pricing adjustments for â€investment†and â€no PMIâ€, there's usually additional adjustments for credit score, state, and loan size.

Here is what I see: 36 1 beds X $350 = $12,600 monthly 62 2 beds X $400 = $24,800 monthly Gross income = $37,400 Less 45% vacancy of $16,830 = Adjusted gross income of $20,570 I couldn't see paying more than a 15 cap for a building likle this (less repairs) so my max offer based on these assumptions would be $1,371,000 less the repair costs (this you can get via a reduction in price or a repair credit from seller, or have the seller perform the repairs before closing and subject to your approval.

Never was a mildew problem.I did go look around at several rentals in the area and adjusted mine accordingly:I offered to lower the rent $200 a month for 9months and they still said that is too little.

The tax credit is keeping prices at their inflated level, interfering with the market's ability to adjust itself, defeats all the logic of economic principles.You can't fix a supply problem by superficially influencing short-term demand; in the long term it will take the real estate cycle longer to normalize because of these interferences.

A fifth grade teacher that made math fun and encouraged all students to progress at their speed.

Yes, do background check, fully, and adjust rents to meet this added risk and cost. 

Experienced sponsors of these deals can provide attractive risk adjusted returns while you do what you do best in your day job.  

Since I tend to deal with basket cases I can usually safely assume that we are looking at all new flooring, for example, so on 1000sf I might mentally note $4-5k for flooring, and then adjust that after I walk the property - maybe all the HW can be refinished, or maybe there's a room or two that needs a subfloor/joist repair before we even get to the finished floor.

Maybe try and adjust the terms