Year End Business Tax Strategy #3: You bet your assets.

I bet there are good reasons TREC has promulgated leases for up to 90-days... 

I think your best bet would be to talk to property managers that can offer the boots on ground perspective of their market.

Poor old Corner “B” on the other hand has a large overburden of soil (you need to move (export) a mountain of dirt) to get the site to “grade” and utilities that need to be extended or upgraded.Cost Issues In Closing: What I believe you are trying to do is get a feel for how much the Project you have in your “mind’s eye” will cost.

If you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door• Cash Flow Quadrant • Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

Your property manager telling you to not increase the rent is poor advice.

This is just the way business is done.Now it sounds like you got a bad one for sure, I'm not defending him, but I'd bet your Scope Of Work and Contract would not pass scrutiny.

I have found this to be beneficial as a poorly operated multifamily generates less income translating to lower property valuation. 

Your best bet is to wait until bank forecloses and buy it from them.

.$120 below market x 4 units x 12 months = $5,760 per yearIn two years, that's enough to add a roof, replace all the water heaters, replace a furnace or two, etc.I bet I'm being conservative.