For example, local vacancy rate, no property is rented forever, management, someone has to take care of the property, it could be you, having said that your time is worth something too so you should be paid something for it, funded reserve, mechanical depreciate in value and wear and tear will happen eventually and it would have to be taken care of i.e, roof, etc. 4.

In the same way that I and most other flood plain dwellers are already quite aware whether or not we need flood insurance, we also already recognize the resulting context and longer potential term fallout, including possible continual rate increases, precipitous drop in value, etc.

s=digital-text&ie=UTF8&qid=1386366522&sr=1-1&keywords=Private+Real+Estate+Investment%3A+Data+Analysis+and+Decision+Making%3A+Second+editionI haven't read the book yet, so I am not going to endorse it.

There are several issues depending upon whether or not the property has increased in value.

These are the ones that tend to hold their value better and even go up in value.

At any time during the last half of the tax year, more than 50% in value of the corporation's outstanding stock is directly or indirectly owned by five or fewer individuals.For purposes of this requirement, the following organizations are considered individuals.A qualified pension, profit-sharing, or stock bonus plan described in section 401(a).A trust described in section 501(c)(17) that provides for the payment of supplemental unemployment compensation under certain conditions.A private foundation described in section 509(a).A part of a trust permanently set aside or exclusively used for the purpose described in section 642(c).Exceptions.

My money there has an average annual rate of return of a little better than 10% return over almost 14 years (roughly doubled in value).

While I am pleased to learn that the subject-matter data is bountiful, the data is, well... bountiful.  

Does a 4 bed 1 bath go down in value because of the one bath?

As a new investor myself, I think it has been invaluable listening to the BP podcasts.