Sounds great, since the house won't grow to its worth for a long time.

Is that a conservative estimate and is there some upside potential to decreasing expenses (for instance, adding a RUBBS system).Next, 12% return where I have to self-manage is too low for my tastes.

What types of real estate will be growing popular in coming years and why?

For such instances, I would take the normal ARV of this home and reduce by a bare minimum of 15% and likely 20% just to keep me safe. base your offer price on the lower adjusted value knowing you have to disclose which will chase away a large % of your buyer's pool, regardless of how nice the area/neighborhood is.

For instance, I have seen many buildings that were in the C class range of years old, but had B class ammenities, area/location and had captial upgrades which made the building a B class, even though it was older than standard B class buildings, so you do need to make adjustments from time to time as you can have a cross bewteen classes on the same building.

Not growing just maintaining.

For instance, if your father is responsible for operation of the company but due to his illness does not complete his defined duties it might be possible to pierce the corporate veil and go after him personally.

For instance large net profits can arguably be from your purchase process however perhaps reduction in construction costs is from him.

I haven't bought anything in the last year but a few guys I know have been pulling their hair out losing to multiple offers again and again.I have seen instances in the past where I am pretty sure the owner occupier was an investor.

I did everything the old school way and I guarantee you it still works and will be all you need to grow.