I also used to finance small start-ups and when I ran out of cash I was looking for bigger investors to fund a deal and I kept some reward.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The rents have doubled from 1993, market valued quadrupled, and compared to what I paid for it, sextupled from auction prices.OK, prices quadrupled, and rents doubled.

Make sure your search criteria is not only within the same bed/bath counts but also be realistic about your property's condition and how it compares to the market price.

Risk vs reward for the bank.

To make this somewhat quantitative try to compare your expected returns with that of another asset class.

I know its a different beast compared to residential.

Rental Profit = $24,000 - 6,109=$17,890 ($1,090 more than in scenario 1)When you sell, you will make the same amount on the sale as in scenario 1.When you compare the two scenarios, you end up making more money by taking the deduction.

This is similar to saying your building is "Green" but you just have an actual standard you compare yourself too.

That being said, the most rewarding part of this project is getting my family involved in the process.