How did you add value to the deal?

3c) I'm having a hard time justifying getting into growth areas that probably still have plenty of room to grow but have already seen their values nearly double in the last 3 years, with rents far behind on what they cost for a return. 

A combination of hard money and private money How did you add value to the deal?

Most of those bought within the last 18 months and for market value.

We need to be able to find hidden value or take on a bit of a renovation to see a return on our investment.

Rooms full of folks on the same journey have huge value.

You should at minimum get 70% and if it DSCRs good enough 75%.Take me through the numbers of the new TB acquisition that is your new model....If you do not need the cash flow currently, that is awesome, that means you can concentrate on building the future value of the cash flow now without having current living conditions coming in as a factor. 

. ($20k land and $100k building)Over 13 years you depreciate about $50k.You sell for $200k net and buy a $500k property ($400k building $100k land)You bought $300k more building and have $50k left from first property so your new basis for depreciation is $350k that you depreciate over 27.5 years.Now that I type it out, an easier way to get to this answer would be just take the new building value and subtract your total depreciation taken so far and that’s your answer. ($400k new building minus $50k taken already equals $350k)

Great pointscurious on 60k segregated value , what is the value of building just to get an rough idea.

-Taking 10% reserve for vacancy, PM, and Capex-5% for repairs -All other numbers are standard values based on my area.