Pictures work wonders and numerous studies have shown that pro photography pays for itself many times over.4.

I’ve been trying to rent a 1/1 for about 1.5 months but I expect a premium price because it’s a gorgeous apartment and the other tenants are paying a lot.

Do you pay the local taxes on my property?

One side of the property is currently occupied by a tenant whom has been there for almost a decade and is paying below market rent @ $880/mo WITH utilities included for a 3bd 1ba...

If you charge $10 daily fee starting on the 5th and the tenant pays on the 11th, is that $60 or $70?

(source below)I ran these numbers on my own portfolio (of 9 units, 4 properties, mostly updated with Low CapX) in Green Bay, WI and my tenants are paying on average $1.08 per SQFT and moy cost is $103 PSF. 

Do I sell and pay capital gains and dump the money into a different market or do i refi and buy something else ?

.$995 is great rent but you also don't want to evict if tenants can't pay because turnover costs can kill the ROI.Just my opinion 

I am a tax attorney and i still am confused, and I am willing to bet that most people will be putting it on schedul e, not paying se tax, not calling it passive, and deducting losses against w2 income, and playing roulette with audits.  

They typically pay too much for their deals, especially if they are wholesaling from out of state for the same reason you stated...prices are all over the place.