It is interesting because the bad guys somehow lifted the walk-thru pictures of our property from our legitimate listing on the local MLS.

Conversely if the numbers are trending down I will put more weight on that.The 50% rule doesn't work if the seller is lying or misrepresenting the numbers.I tell my sellers all the time lets be honest and put real numbers out there.This way when we go under contract it will close.If not they will just find out in due diligence and cancel if your numbers aren't right.For most apartment buildings the down and dirty is 30% operating and expenses,10% vacancy loss turnover,and 10% property management.Costs can be lower or higher.One I just closed the seller ran at 29% but she self managed and ran an extremely tight ship.When calculating I like to use the 50% rule upon exit strategy as that's what many go by.If you run at 40% the new buyers will feel they might can not run it as good as you especially if they are out of state buyers.Hope it helps.This is my experience listing and selling retail and apartment buildings.

They are economic, comparables, and replacement value.With an underlying asset such as apartments you would give the most weight to the economic approach (cap rate derived value).

Was this thread just to brag about throwing your weight around as a land lord?

I have an 11 year old boxer that is falling alot because of his hind legs and he is losing a lot of weight.

You may be able to pour light weight concrete with reinforcement glass, like fiberglass over the whole floor, but this will raise the floor too, needs to be done professionally and will cost more but will give a solid surface.....but you still have the joist problem and either concrete or floor leveler will crack.

Yes, I agree ... do your internet research to educate yourself and if after never having lifted a finger to get any hands on experience you think you know enough to invest out of state, then you should do that.

As of today November  24, tenant has removed everything except a few dumbbell weights which she told me by phone a week ago that she still wants. 

The appraiser give no weight to the tax value.

If it is an institutionally backed lender, they will place a lot of weight on the borrower.