This killed all returns before interest in 2014/2015, and brought average tenancy duration on the property to 21 month.With hindsight, it is obvious that the tenancy agreement from previous owner was strangely accommodating: low deposit, very unusual rent reductions if tenant does normal things like pays on time, change his aircon filter and for pest control.

What happens when someone refuses to carry their weight or steals your leftover pizza from the fridge?

And investing your savings from debt reduction or investing your pay raises are the best ones I've heard! 

I see more price reductions in my market but the fun won't begin until inventory stacks up. 

Hell, I'm sure Zell himself puts little weight on quant analysis.

Add steel to main beam in basement to help carry new weight, frame new interior and exterior walls, new roof trusses, new roof, siding, windows, all the finishes.Other things to consider: where are stairs going in first floor, if none are already present, are there any zoning issues with additional height, can sewer system support any additional beds/baths, etc.

To me, you paid a decent amount of points (origination fee) but did not get the corresponding rate reduction I would expect.

For properties with exemptions (EX: Homestead), there is a market value reduction fee calculated IF the market value is reduced but doesn’t beat the capped value ($2.50/$1k value reduction).

So maybe all the debt free arguments are gaining some weight haha. 

Also you should prefer that the seller write the receipt in their hand as this will have more weight in an audit than you writing yourself, so just tell the seller you would like them to write you a receipt.