You gave me more insight that "fair pricing" has nothing to do with what the tenant deems is fair, but the opportunity that I create based on market value.Thomas and Will, thank you for making me see the tenant as the asset or liability, rather than the unit itself. 

You could reduce your rent or increase your expenses to create a loss greater than depreciation.

Use colored lights to change the ambience and create the feeling of whole new rooms without having to get up at all.4.

Make a few nice touches and it will create a much better experience for the tenant.

Create your own unique mail pieces.

I would first look to the terms of the agreement creating/defining the class of equity to ascertain it's rights.

If the property is "free and clear" and the seller does seller finance, a mortgage is created by an attorney & the buyer makes payments to the seller and the buyer gets the tax write offs.

My first step is locating a good realtor to help me in this journey and like you said, create a list of potential deals.

What I wrote above does not create an attorney/client relationship between us.

But also filled with world class beauty created by MotherNature.