I bought a rental property through short sell  in Vegas 6 years ago, the market value increased 50% but the rent actually decreased a little when we had a tenant change last year.

Your market conditions are pricing (values of sold homes) and the direction it is going (price increases, price decreases, or flat pricing).

If I have a property worth $300,000 and land is worth $50,000 I would then have a taxable property of $250,000 divided by 27.5 which would be around $9,090.

So, in this case where the property is held in an IRA, the income will be sheltered tax free and while the expenses will come out of the IRA account directly, you cannot write those off because they are not generating 'taxable income'. 

Depreciation is a non cash expense and is added back to your taxable income for loan qualification.

An added bonus of putting a lot of money down is that both of these guys have very few concerns on a day to day basis, and are just following long-term plans to build intergenerational wealth of which real estate is only one piece of the puzzle.NMD may be the only way to go for some people just starting out with no capital, but it decreases the likelihood of success.

I know you want to close the deal but you don't want to watch your profit margin decrease as well.

The decrease in condos I attribute largely to the numbers of people, shared pools, elevators, etc.

With the increase in interest rates and decrease in home values, such remodel-in-progress opportunities may become more common.

Is there anything you can do to add value to the other half to increase rents, or to decrease your operating costs?