I'm paraphrasing, but the lesson was that it is better to drop your price steep up-front, than to gradually go down by $2.5k-$5.0k increments.IIRC, the example given was a property listed at $170k.

We voted down a special assessment of $2,500 for painting back in October and a $100 increase in dues for painting in December, but the board has just sent notice of another meeting to be held in March for a vote of a $2,350 special assessment. 

If so you would likely need to pay the estimated repairs out of pocket and it would increase your cash down for looking at cash on cash return. 

Also make sure your career has an upward income projectory or consider a change of careers to increase your income.

I know this isn't a increasing question persay but certainly might require that brilliant outside the box thinking I know you all possess.

I'm pretty young so I'd rather not get taxed on my cash flow right now and instead build my real estate portfolio up making 100-200 cash flow on each property and when I have 12+, focus on paying those off, my cash flow will increase quickly after that where now my cash flow can be my money going in or I "could" live off it if I choose to, but still young.

Seller had tenants who were paying low rents, I saw an opportunity and placed an offer then I got the property and increased the rents based on market rates.

@Caleb Heimsoth yea I'm not a fan of variable rates with the likelihood of rates increasing 3-4 times this year.

Do you have more information about the deal, like the returns, the rent increases, what is your exit strategy, etc.

in south killeen (closer to austin)  for less then 20 years old properties there is definitely a significant apprichation increase in the past two years for all kind of income properties