I grew up in the city where they are located so I know they are in stable neighborhoods (not declining but not improving either).Prop #1: 10 units in 2 adjacent buildings.Price: $280000Down Payment $70,000 and Mortgage of $210,000Annual Rental Income: $47,500Annual Expenses (incl taxes, ins, mgmt fees): $25,400Net Operating Income: $22,100Annual Debt Service: $16,284Positive Cash Flow: $5,816 (22,100 - 16,284)CAP rate: 2.1% ($5,816 / $280,000)Prop #2: 10 units in 1 buildingPrice: $229,000Down Payment of $57,250 and Mortgage of $171,750Annual Rental Income: $56,100Annual Expenses (incl taxes, ins, mgmt fees): $29,903Net Operating Income: $26,257Annual Debt Service: $13,320Positive Cash Flow: $12,937 (26,257 - 13,320)CAP Rate: 5.6% ($12,937 / $229,000)I'll obviously do a thorough inspection done of each building to uncover any capital construction needs or deferred maintenance problems.Any thoughts?

I like regular renters who jobs and income improve with the economy rebounding and unemployment falling in the years to come.

Definently going to improve my score

Find ways to improve...willing to make changes/adjustments3.

As for painting, improvements, pet ownership and the like, you have the same rights as any other homeowner.

This is a choice, I vet them for being able to buy within the option period, I set them up with a mortgage broker to work with on improving credit, saving, etc, and I make sure they want to actually BUY the house.

Pretty much standard verification on the property the ownership, when I closed, what I paid, improvements to the land etc.

You could offer to make the improvements to the property for an agreed upon price or offer to manage the property as a rental for a percentage of the rental income.

- those are my future tenants and home buyers that will help improve the neighborhood :)As for the other hoods mentioned, Crocker, ingleside, excelsior, outer sunset, etc., yes they are all improving as well.

As long as you used the gift cards all up and promptly, I would probably staple your gift card receipts (showing you paid $90) to all your receipts of items purchased, and then just put it all in as one general journal entry with the $90 to your capital account (or if it came our of your business out of your biz checking account), and then the items you purchase multiplied by 0.9 either to repairs OR to increase the basis of the improvements which you would then depreciate.