After all we are taught to buy low and sell high...Despite all that, I just bought a facility for .50 cents on the dollar ($19 per square foot) and have doubled its value in under 105 days...from $465,000 to $1,000,000.....in under 4 months...in a "seller's market"....The point here is that every facility will have its own "market" and savvy investors can make money throughout the market's cycle.

Nothing is actually moving forward yet.Limit the number of days per month or year that you can rent your entire residenceRequire that a license holder reside in the primary residence XX number of days.

Rent has not been increased at all over the 4 years and most of the rental rates are $550 plus in that area.After running the numbers via the (awesome) BP rent calculator, it looks like cash flow will be just over the $200 per month and ROI at 30% (on a 30 yr at 5% interest with 25% down).

If you dumped 50k into it say 9 years ago, then you pay taxes on 15k as long term capital gains at 15 or 20 percent.

Currently old houses in my area are going for nearly the same price per sq foot as new houses. 

If it's a short sale, an agent would be required to represent the seller per almost all investor guidelines on the note.

The property needs a lot of work though, I have budgeted for $25,000 per unit.

You have no management expense and the property tax seems a bit low at around $1,500 per year but I don't know where it is so it could be normal. 

The tenant is willing to sign a 5 year lease, with the monthly rent at about $1,300 per month.

Not only were we excited about the equity we built, but after renting it out it cash flowed about $500 profit per month.