If you have adjustable rate mortgages, my suggestion would be to refinance into 30 year fixed rates, while rates are already so low.

An inflation adjusted 6% is okay but I was really hoping for 10%.

You should be able to adjust the lot rents to full market levels day one and the customer is still happy because it's lower than what they were paying typically.Another benefit is that at least you know the homes cannot be repossessed by the home lender because you are the home lender.We buy deals like that all the time, and there's nothing wrong with it as long as you understand the risks and what the strategy is for success.

If you decide to list it first with the boiler and get the feedback that the house "needs new HVAC" By the time get that response you will be working uphill as far as days on market and any price adjustments you might make along the way.Thats my .02 af far as what I look for with my clients being a Buyer Agent by day investor by night.

I can play more with the numbers and make adjustments on the insurance as I was thinking of the worst case scenario where the insurance is also high.

Now I know all the areas of New Orleans and can adjust quickly with my own properties or the ones I manage.More than happy to share some more if you’d like!

We also need to know the adjusted cost basis which is the purchase price minus the annual depreciation multiplied by the number of years of ownership.Now, let’s look at a rental property depreciation recapture example in six steps.1.

You just look at the properties around your subject property that has been rented within the past 6 months and adjust for any differences (like extra room, garage, corner lot, etc). 

Try framing this problem as follows given you have W2 (high earner) + investment returns 1) Investment Return Optimization : You can set up LLC /your name etc to manage expenses so that you demonstrate appropriate amount of expense adjusted return/cash flow.

I have never trusted someone setting pricing for me.I just go in once a quarter or so, compare other properties and make any adjustments.