We were able to secure this off-market three years ago and the property had substantial upside.Below market rents.Ability to capture a number of other income drivers.Additional contracts to produce other revenue streams.High expenses.Inefficient current management.We were able to reposition this asset quickly and efficiently and make this a great place for people to live.

Or, building an income producing rental portfolio? 

At an 8% cap rate, that would produce $64,000 of net operating income before debt service.

I do not invest in properties that produce less than a 1000 to 1 ratio. 

You're out here sacrificing trying to survive just like every body else.

If it produces $75K a year in rent, it’s high.  

I suspect it is likely to take at least 5 years for this market to produce a better return than less inflated markets.Good luck

If you were a listing agent for a income producing duplex - what would cause you to not respond to another agent inquiring about your listed property?

Remove showerheads and clean sediment Check weather strips on all doors and windows to repairCh. 19 ExitStrategies and 1031 Exchanges Not planning aheadresults in chaosSome exitstrategies:Hold Forever Understand your body will not be the same later in life Consult with a lawyer to minimize your tax paymentsSeller Financing Only available if the home is fully paid off so you can play the role of the bankBenefits: highersales price, lower tax bill, ongoing passive income Be sure to do your homework before doing thisCash Out Just accept the big tax bill and reinvest the funds into another vehicle or spend it how you chooseThe 1031 Exchange Allows you to "defer" paying any taxes on the profit of a property when it is sold, as long as another "like-kind" asset is purchased using the profit received.

If you're doing it anyways add a couple body sprays, they're cheap up front cost but people love them and they can actually sway someone to rent just for the shower.