For example, I don't think I saw depreciation in the estimates, which is an important non-cash expense you can take on your expenses to reduce your taxable income, in addition to your exact interest expense, and all other rental-related expenses.

If they request an energy audit and it deems they would benefit with from more insulation, doors windows they will do it for free.

Actual Current gross rent $130,200k Expenses 80 k, I calculated a little high to cover the following 5 years. 130,200 – 80k= 50,200 NOI- P&I of 44,913.36= $ 5,286.60 net per year $50,200 x .10cap rate= purchase price of $500,200 Reduced rent.I lowered to rent rate on all units, three and two units, to reflect supply and demand, cost of living going up, people have less money to live on and I see it getting worse, state and local rezones' Future gross rent $ 123,600 Expenses 80k, I calculated a little high to cover the following 5 years. 123,600-80k expenses= 43,600 NOI – P&I of $39,008.40 = yr profit of 4,591.6 43,600x.10 cap rate= purchase price of 436,00 Rent out vacant unite @500 a month x 12=60k profit Am I wrong?

Today I reduced the price to $107,500 per my uncle's request but so far there hasn't been much interest in the house and I am trying to figure out if it's the price or the condition or just the fact that it's Hico (aka middle of nowhere).

Some examples include reduced commissions, free staging, free consultation (design, tax credit, etc) and free connections.

Pay off your old debt and reduce your current debt to improve your credit.

Real income for the bottom 90% has been stagnant for forty years, and has declined since 1999.he only way to keep consumption rising when incomes are stagnant is to boost the borrowing power (i.e. collateral and creditworthiness) of households by inflating asset bubbles that create temporary (i.e. phantom) collateral and by lowering interest rates so the stagnant income can support more debt.This is why the Federal Reserve and the other agencies of the Central State have been reduced to blowing serial assets bubbles: there is no other way to keep a consumption-based economy from imploding.But "prosperity" based on serial asset bubbles and near-zero interest rates is neither real nor sustainable: real prosperity is based on rising real incomes, not debt leveraged on phantom collateral.Read More

Tenants rarely change the filters, which reduces the life of the unit.

As you mentioned - take that energy, don't lose momentum and figure out how you can get that next property.

I am putting a lot of my energy into exploring my options for financing.