I would probably start with 1 somewhat larger initial increase of maybe $75-100 followed by yearly increased of $50 (around 5%).

While the ordinance went into effect on October 10th, the large response to the Call For Action yielded an initial ‘grace period’ of enforcement until November 9th.Below is the summary of the ordinance.

If an owner does initiate bankruptcy, my PM Agreement terminates.

Then he took the sledge and just bumped the bricks loose, down inside the fireplace.He took the whole fireplace out so there was a hole in the wall (and added a window) and the roof had to be extended over where the chimney went through, and they had to replace the shingles that were super damaged from the initial bricks falling.Permits, I don't know if that required a permit or not in San Antonio.

We have agreed on a buyout price of $100K (initial investment) but he also wants me to pay all closing costs which was quoted $22K - That seems really high so seeing if this is accurate?

Tenants are required to initial next to each paragraph that they've read and understand the rules.

I paid cash initially to win the bid, but then cash refi out 2 months later.

I guess about the only thing that would worry me the most would be that if you add to the existing building, and if the city code has changed since after the initial build, then they are gonna want you to make all the necessary changes to the existing portion of the pemb.

But you'd have to be quite involved initially, especially to get access to better SBA lending. 

So purchase price, as long as you can obtain initial funds to execute the BRRRR (including the value add), has zero bearing.