The cheapest, and one you can do yourself, is just to take a marker, mark a straight line across the crack at a few points along it, and take daily (at first, then weekly) measurements of the crack at the marks (use the same ruler each time) and keep a log of the measurements - this will at least tell you whether or not the crack is getting larger or smaller. 

Without that piece of information, it is impossible to measure how far they fell, thus impossible to measure how far they have rebounded.Take Midland/Odessa for instance, which by-the-way should always be counted as a single city, not 2.  

We also got a little less about using OPM for good measure.

(PP/NOI = GRM) If the GRM >10-12, you're headed for low ROI and a difficult end-game.Each of these metrics is a direct measure of the Operational Status of the property.

For purposes of this subchapter, a lot measuring one acre or less is presumed to be residential property.

If he has to go to those measures to find deals, it makes me wonder what I'd have to do as well.About 2 years ago I was at work and had a guy tell me he was the landlord of the property I was at. 

But now you cannot subsequently use that same person because if you try to use the same mismatch again, the IRS will recognize that and issue a fine to you.It does suck that there are so many contractors out there dodging their taxes that the IRS had to come up with such draconian measures to gain greater compliance.But also, ask yourself this.If your contractor is skirting the tax filing requirements, what other corners are they cutting? 

Do as much due diligence on the tenant and safety measures on the property as you can and move on. 

Albeit I believe the value add to be small since I generally have a good eye for issues, it is a risk control measure I’m willing to spend on.

The index measures the number of months it would take to sell the supply of homes on the market at the current sales rate.