Amen.

Like you, most of what I see is mega big, mega expensive Class A projects with lots of amenities. 

"Take your time, think alot" (that is an old Cat Stevens lyric) and go out and study your market super closely, look at the closest comparable units, exactly what they have in terms of amenities, their condition, and look at their price and everything they include.

@Bill Gulley - Amen!!

Comrade Mike Amen.

.)- Factually describe the current market conditions (how many rentals within an x-mile radius are available, market rents, amenities offered, etc...basically paint a picture of the market.)- Then close with: leases and past payment history along with the building expenses will be reviewed to determine if adjustments will be forth coming.Ultimately a value added / stable building is worth more to the community, your neighbors, fellow investors, your lenders and even your tenants though they may not see that initially.

Amen, A $300 electric bill and a $64 gas bill does not lie.

I didn't buy for appreciation, but today, the appreciation is over 100%I watch the FMV rents and as a marketing strategy, I keep stable rents below FMV to avoid the tenants from having motivation to move elsewhere - - it would cost more for the same amenities and I have a rare commodity - - lockable garages per unit. 

The lot rent is $700 and it has all the amenities.

I just finished reading Buy and Rent Forclosures byJoseph Neilson.Mr Neilson advocates stripping houses of central air, garbage disposals and many other amenities in order to eliminate maintenance costs.My question is, wouldnt garbage disposals cut down on clogged drain service calls?