. ($200)If he has a 10-inch table saw, and most of us do, a Freud thin-kerf combination blade. ($80)If he messes around at all with granite or marble slab, a Makita wet stone polisher ($300)If he does wood flooring, pneumatic Bostich Mark IIIFN (Flooring Nailer) ($350)For that matter,the right 16-gauge manual nailer (Bostich MFN-201) ($220)Any sort of roofing, buy him a heavy-duty climbing harness ($100)Good sized air compressor for woodworking and painting ($200)If he does tile, he likely has a big 10-inch tile saw with a sliding table, but he'll still appreciate a more mobile Ridgid 7-inch saw of the same basic design.

Meanwhile, the 15-year fixed-rate mortgage and the 5-year Treasury-indexed hybrid adjustable rate mortgage are both unchanged from last week at 2.62% and 3.1% respectively.

Paul, 51 percent of our renter households are housing-cost burdened, resulting in seventy-five percent of our low-income renter households being housing cost burdened and thirty-nine percent being severely housing cost burdened; andWHEREAS, the Fair Housing Act of 1968 requires that the City affirmatively further fair housing, meaning the City must take meaningful action to overcome historic patterns of segregation, promote fair housing choice, and foster inclusive communities that are free from discrimination; andWHEREAS, in April 2016, the United States Department of Housing and Urban Development issued warning that blanket policies of refusal to rent to people with criminal records could violate the Fair Housing Act if “without justification, their burden falls more often on renters or other housing market participants of one race or national origin over another”; andWHEREAS, as of January 1, 2020, people of color make up 47.9 percent of the MN prison population, but only 15.9 percent of our state population; andWHEREAS, criminal justice research supports that the effect of a criminal offense on a residents housing outcome declines over time and becomes insignificant; andWHEREAS, our current credit scoring system has a disparate impact on people and communities of color, rooted in a long history of housing discrimination and wealth inequities even though credit score itself does not reflect positive rental history or timely rent payments or probability of on time rent payments; andWHEREAS, in 2017 there were an estimated 1,710 residential evictions filed against tenants in the City of Saint Paul; andWHEREAS, E evictions, regardless of outcome, impact a renter’s ability to secure future housing, and Research suggests that “Informal evictions” occurring outside of the court process are occurring at twice the rate of formal evictions; andWHEREAS, the City of Saint Paul has approximately 11,000 units of housing which are considered Naturally Occurring Affordable Housing (NOAH) affordable at or below 60 percent Area Median Income and NOAH buildings are most at risk for ownership changes; andWHEREAS, historical and ongoing discrimination in housing makes tenant protections a fair housing, racial equity and economic justice imperative; now, therefore, be it RESOLVED, that the Council of the City of Saint Paul does Ordain:Section 2Chapter 193 of the Saint Paul Legislative Code is hereby created to read as follows: Sec. 193.01 Definitions.For the purposes of this Chapter, the following terms shall have the meaning ascribed to them in this section. (1)(2)Affordable Housing Building shall mean a multiple-family rental housing building having five (5) three (3) or more dwelling units where at least twenty (20) percent of the units rent for an amount that is affordable at no more than thirty (30) percent of income to households at or below eighty (80) percent of area median income, as most recently determined by the United States Department of Housing and Urban Development for Low Income Housing Tax Credit (LIHTC) purposes, as adjusted for household size and number of bedrooms.Affordable Housing Dwelling Unit shall mean a rental dwelling unit in an affordable housing building that rents for an amount that is affordable to households at or below eighty (80) percent of Area Median Income, as most recently determined by the United States Department of Housing and Urban Development, as adjusted for household size and number of bedrooms.(3) Available for Sale shall mean the earliest implementation of any of the following actions: negotiating to enter into a purchase agreement that includes an affordable housing building, advertising the sale of an affordable housing building, entering into a listing agreement to sell an affordable housing building, or posting a sign that an affordable housing building is for sale.(4) For Cause shall mean that the tenant or a member of the tenant's household materially violated a term of the lease in accordance with Sec. 193.05(a).(5) Cure the Deficiency shall mean that a tenant pays all monies rightfully owed, or fully complies with an order to correct a lease violation or notice to cease an activity that is in0) violation of a lease.(6) Displacement Dwelling Unit shall mean the dwelling unit from which a tenant was displaced pursuant to Sec. 193.05(5) or (7).(7) Eviction shall mean a summary court proceeding to remove a tenant or occupant from, or otherwise recover possession of, real property by the process of law, pursuant to Minn.

Apart from those two adjustments I think your plan is perfectly sound and congratulations on making some great decisions in real estate :)

Besides, you should be able to raise the rents at least 5% per year, so only raising it 3%/yr is actually going backwards when you adjust future year's CF using future year's increases in your monthly costs too.3 - Forget the $100k in equity, thinking that's a positive thing that will offset #'s 1 and 2. 

I think Zillow uses a pure play $/sqft value, based on data which may include refinances, and does not accurately adjust for comparable sales.As for appreciation, we have a strong market down here but per usual it's hard to predict where prices will actually be in one, three, five years etc.

I fear many will not adjust and will get hurt in this market.

Risk Assessment is the x-factor by which you adjust the above numbers.

Capitalization rates should be adjusted to reflect the following: • Liquidity: How fast can you get your money out?

May be a good idea to plan out each CapEx item with its current expected remaining life and inflation-adjusted future costs.