Syracuse is a great place to get started and produce good cash flow. 

If expenses increase (for example, I had a tax reassessment done on the property that resulted in an increase).

If I send $30,000 per unit to lift revenue $650/month and this lift is capitalized at 3 cap, the resulting valuation is $260,000.

She needs to address her grievances in a formal written document and outline what is expected the results for not doing so.

Today at 4:45, I get a call from the mortgage company saying that “corporate” is now requiring 15% down because this will be an income-producing property.

The area is desirable; and the lot may have other revenue producing opportunities.

It is up to you, but I would at least charge her for the time it was vacant and any costs you had as a result of listings and cleaning.

If you plan to sell the property in the near future, you may want to have a high land value so there’s a lower depreciable property value which would result in a smaller capital gain when you sell the property.

We give every former self manager a free 6 month test drive, so that they can see if the results are better and make up their own minds. 

That was okay with me, but now escrow is telling me the "sale" of my property to the LLC will produce a 1099 to the IRS, showing the current market value.