Granted the RR has been fairly consistent between 5-10% and even up to 15%, some neighborhoods have been more adamant to meet and negotiate deals (which I believe stems from the demographic, average age of the residential area, and simply the culture of the neighborhood) My skill sets and insight into print marketing has been key in building an emotional response, and thus providing qualified leads.

It seems to be fairly common in my local area.Thank you for the name of the inexpensive Title Search.

The rent should be at or near fair rental value.

However, it does sound like it would begin fairly soon, possibly in 2017.

I am aware of the “fair market value - arms length transaction” that certain Agencies will be looking at, which may affect this and blow everything out of the water.

Ive seen debates about whether to "gamble" with appreciation.  

@Jake Knight Hahaha Fair enough.

@Davit Gharibyan  most likely a nice little family did not buy this home an investor did all is fair in love and war if you want to redeem redeem..

All houses in the district look fairly similar (i.e. all red brick houses), so more than likely there would be limitations. 2) What's the best way to price the house?

IF on the other hand, you lose a tenant at a low activity time of year (e.g. just before Christmas / New Year) and the unit needs some work before it can be re-rented, it is very easy for a fair bit of time to pass.For a multifamily, it is normal / common to have a house meter for the electrical (external lights, hallway lights, etc) and possibly a house gas meter (if there are common areas and depending on how the common areas are heated).