But typically they are more overpriced than plexes due to, once again, very limited inventory.

Say property owned by “property company” gets purchased by “business LLC” for the new value, which would be a new depreciation amount about 3x higher When refinancing a commercial building that is being rented out, the valuation will typically be based on the Net Operating Income (NOI) of the property.

Underestimating costs, excessive leverage, neglecting to perform due diligence, and unforeseen repairs or vacancies are typical problems.

Typically the actual max rent is $200-300 less than what is published there.  

This isn't a 'typical' boarding house.

@Rob HendricksHere is what I typically do with my clients.

Loan Servicing:  Will you service the loan yourself or use 3rd party servicing? 

So while you may not see a gain in value over the next two years, over a 10-20 year span you would typically see excellent growth.Also unlike the last five years where operationally the operator could be awful but saved by appreciation, today it is all about the asset management.How can you reduce costs, are there ways to add amenities to increase rents.

Under the Tax Cuts and Jobs Act of 2017, interest on such loans is typically deductible if used for buying, building, or substantially improving the taxpayer's home that secures the loan.

Then they continue to just flat rate charge us a fee for the water which for a typical residence 3/2 house is about $1400 per year for all the water you can use.