I just stumbled onto this site and want to start learning how to do the obvious, investment the money wisely in income producing rentals and avoid taxes.  

How I would go about pricing this property would be based on the income it can produce, I would use a direct capitalization and also a discounted cash flow analysis.

And even if the cap rate increases again, I am OK because the 42-unit building I am buying will produce a lot of cash every month (in fact just the cashflow increase alone is over $75K/yr).2.

My investments will produce enough passive income by that point that the $500K is not needed.

Or add some extra for a cushion.Personally, I would buy properties all day long for $80k if they produce $950 per month rent and I can increase the rents by 5% per year.

have your wife be a top producing retail realtor and your troubles are over.. 

properties from wholesalers maybe without breaking any procedure with the bank?

Code §92.0561(b).Repair & Deduct RemedyA tenant also has a procedure to repair and deduct if certain requirements are met.

That will force her to pony up the proof.And if she does produces something, verify.

You will have people checking in and out, you will produce more in a short period of time.