And similarly, if it's cap-x goes up, maintenance goes up, that DECREASES it's value.

House hackers should focus on decreasing their housing costs and use their savings for other forms of real estate investing.

There are alot of people who want to be on Lake Michigan but with water levels incredibly high many homes lost their beach, which also decreased inventory and those still with a beach are pulling over 1000 a night.

These things are known to have very strong colorations to a decrease in earning potential and other social pitfalls.

I have been doing it since 2014 and have seen a noticeable increase in competition thus decreasing revenue.

I don't want the tenant to come back six months later and tell me they removed the pet or traded it for a Chihuahua and then ask for a rent decrease.

I think it decreases turnover.  

Do not buy anywhere if the state or metro populations are static or decreasing.

Projected NOI = $493K, primary through 3% lower vacancy, income from Utility because the current rent is inclusive of utilities and the Sponsor do not want to include Utility in the new terms, and reduced operating expenses Potential gross rent = 1.1M, minus 7% vacancy & other cost, Net rent = $970K (80K increase) Other income = $42K Add income from water reimbursement and electricity: $134K ($134K increase)-------- Real Estate Taxes 108K Insurance 42K (40K cost decrease) Property Management + Asset management 45K General & Administrative 15K Marketing 10K Payroll and Payroll Taxes145K (65K cost decrease) Repairs and Maintenance 46K Contract Services47K Electricity 77K Utilities Water 64K (60K cost decrease) Utilities Gas 15KI found the Sponsor through a very close friend a mine, she works in PE industry and she is very well analytical and she invests.

If owner occupies one unit and not paying rent, the income decreases so as the value.