Recently, with all the rapid changes in accounting rules, I rather let my CPA earn a few bucks, than to agonize over what I have to capitalize,  depreciate, and expense.

For every incremental $180k of the purchase price I recess the 2% by .0018 percentage points.

While I don’t think you can loose money long term, I do think that say 5-6 years from now this rapid appreciation will slow and there might be better cities to invest in, at that point, that will have better appreciation rates.

We expect to complete the roll-out by Q2 2017 and are projecting $40,000 - 50,000 annually in incremental operating income.In our last update, we announced our plan to upgrade half of our units to "Premium Units" with the goal of boosting rents by 30% and attracting higher quality tenants.

We have developed our business plan and are rapidly approaching the point of making offers. 

I've been astonished at the rapid price increases in single-family homes and multi family units over the past couple of years. 

West Sacramento especially on the southport side is a great community and growing rapidly.

I don't see a rapid road to wealth here, but it does offer strong opportunities for people who treat it like a business and follow a business plan.

NE Grand Rapids.

Hey Matt,What a great deal to already have the land in the rapidly growing Dallas area.