If you are over 50-60% start systematically reducing the introduction of moisture and increase ventialtion.Make sure the basement is dry, if not check your gutters, downspout extensions and get a dehumidifier.

You'd likely be able to increase rents for that property with renovations, but the higher quality tenants would be hard to come by.

I've increased my offer but I dont expect the seller to accept it.

Could be things like...Short termCash on Cash returncash flow Deal sizePrice per unitLong termIRRTotal equity increase Cap rate at resaleWould love your insights on which ones are most important and what numbers you use as a minimum for each before you would consider moving forward on a deal.Thanks!

Plus we are on track to see the High speed rail come to Bakersfield in the coming years as well which will increase the population 3x within the next 30 years, as an estimate.  

Yes, that really did happen.So if you have too many deadbeats, maybe you should re-examine your qualification standards and screen your tenants better. 

The banks will withdraw money and hold it in limbo for awhile-- they use this "float" to increase profits.

I increased the rent by 50 bucks.

I could increase the cash I have up to 140k since I could get some money out of my 401k and also trough some friend loans (I prefer not to do this).

It may take two years to execute, but you can cash flow during ownership and enjoy an increase in value from improving the performance of the property on sale or refinancing.