Anything 5+ units is valued on the NOI and cap rate (typically), so it would apply if you turned the property into five units with two beds each.

Back in late summer, I received a letter from the inspector that we had a rodent problem, and that we were in violation of two separate ordinances, because of broken doors and windows.

That is IRR.NOTE: IRR assumes reinvestments are at the same original rate so that can throw off projections, also short term assets can have large swings in IRR due to it takes into consideration time.Lastly where IRR is extremely helpful is when analyzing two deals.Such as should I buy and hold this asset for 3 years, 5 years or fix and flip it or comparison of two separate investments.

I have two tenants on one lease, but only one of them is paying.

Honestly, you have to drive two cars in real estate.

With two children (my heirs) and multiple units, I am harmed by Prop 19. 

Massachusetts is a two-party consent state for audio recordings.

I’ll ask my two cousins to come along.

However, I got my real estate license, and have done some transactions this year, and bought two more rentals.

It was amazing and came to a screeching halt about two months ago.