$125/mo x 12 months / 8% cap for illustration purposes = increased value of $18,750/unit x 6 units = $112,500 in increase property value!  

@James DeRoestI do most of my renovations in flipflopsThis is the perfect statement to illustrate the points of this thread.Being laid back should not equate to being unsafe.

@Bobby Narinov To me this case illustrates the pitfalls of apartment buildings.

Please don't see this as a personal criticism, Gail, but just an illustration of what I see as some common misconceptions. #1 Excellent, most tenants, including Section 8 tenants, are normal renters who pay rent on time. #2 Section 8 tenants fall into 3 categories: The Working Poor, The Fixed Income Poor, and The No-Income folks.

Thank you for the graphic illustration of your point.

This whole debate just illustrates the worst thing about BiggerPockets.  

But I used 60 in my analogy to illustrate an age "a long time after middle age".

Now most times a resident is under market and this isn't an issue, but I'm just illustrating a point.

This is a simple way of looking at it, but I’m trying to illustrate my broader point.

Just for illustration purposes.