The seller is saying that the lease expired years ago therefore there has been no rent increase.

Lot of condos being built for rental as well so rental income increase may not be as rapid.

With the increased cost of materials and labor their losses are exceeding policy income.

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.

Many lenders will charge additional rate increase if loan is under $150K.

With regulations increasing we've been seeing more and more people who want to invest in STRs start investing in Vacation rentals.

Many lenders will charge additional rate increase if loan is under $150K.

If you are repairing your own property that is an increase in the basis of the property, which will result in better tax treatment when you sell.

Of course, they also offer an unparalleled warranty on the notes they sell, so that is probably worth a premium.

In my experience, appraisers are worth a dime a dozen and we toss it out and go to a new lender as do most real estate agents that I know.