@Nicholas WecksteinEveryone has their own criteria they seem to use to label neighborhoods and I’m no different .Here’s a general way I think of the letter coding A - fine hIgh end homes no rentals a great place to raise a family upper IncoMe folks often gated community and most people are driving expensive newer cars B- nice houses with good landscaping.typical suburban famIly homes some rentals here and there no boarded up houses or rift raft walking around You’d raise your family here and feel safe virtually no crime nice cars good blue collar working class C- even split of rentals and home owners some crime older cars some boarded up houses sporadic crime people tend to stay indoors at night youd be sure to lock your house and car here most houses are older and many need repaired D- Lots of dilapidated houses and the ones livable look to need repaired .

If you do not know the rules you can not you expect to know if a PM is doing their job.Also if you intend to operate a business rather than a charity and market rent is $700 raise the rents to $700.

That means your cash flow would have to accumulate equal to the cost of the garage before you could consider your property positive cash flow again.Get a price on the cost of putting that garage up, figure out how much (if) you can raise the rent because of the garage, and see how long it would take the new cash flow to equal (return your cost to you) what you paid for that garage....and, since this is a duplex, you have two tenants. 

They then raise the price by 40% and sell it OFF market to investors as "Turnkey".

You can raise rents 20% each year if you wanted. 

First opportunity to raise rent is March 2021 with 2 units. 8 units expire May 31, 2021.T-12 NOI $51,558Expenses $41,282 (Taxes $18,012, Insurance $3,250, Water $7,100, Trash $4,620, M&R $5,228, Professional Fees $3,072, 6% vacancy loss $6,160)ProForma:Rents at $875NOI $56,000Expenses 44,820Your offer would be?

Does this or should this raise any concern from a tax perspective?

I am a 25 year old born and raised in the greater boston area.

For most of us, that means learning an enormous amount of new material like management, budgeting, accounting and taxes, sales, communication, planning, partnerships, corporate structuring, fund management, capital raising, and much much more.

That and our goals/visions/personalities aligned.But aside from raising capital or bringing your own capital, one of the easiest (as well as one of the most impactful) ways someone can get started is by creating a brand, sharing what you know, and telling everyone what you are doing.