Like @Caleb Heimsoth and @Joseph M. pointed about the data doesn't entirely support that narrative.

Marcus,I have a number properties in the area, combined increase is 72k .. it doesn't look consistent between even my similar properties located in the areaI can email you the list, but here are few:7817-19 W Beckett Ave - increase of 112004023 N 68 st increase 7500 for SFR8220 W Muriel PL - increase of 5400The problem that being out if state owner, I can't just walk in the officeThanks for generously offering your helpLeonid

I don't know if your looking for multi or not but it is rare to find a North providence multi on the market I know of a 4 unit now but it doesn't seem like the rents make sence for an investment but if you can get somthing near the  College you can rent by the room and make some good money. 

Part of the issue is that the listing doesn't state how many doors the property has.

Some banks have different requirements, but two that I work with structure loans as follows:Bank 1:  is a local portfolio lender, requires a 6 month season period, does 15-20 year notes with 5 year variable interest, super quick turn around on refinancesBank 2: is a credit union that does commercial loans, doesn't require a seasoning period, but does require a lease to be in place, does 15-30 year notes, rates vary depending on note term, and they will allow a 10 year period before the rate changes, super slow turn around on refinancesI opt for option 1 because I don't like to be slowed down for 3-4 months waiting for a refi, but I also have a great relationship with my bank, and tell them what other lenders are doing and see how closely they can match the competition. 

That probably doesn't seem unreasonable to you, being from SF, but being from Ohio, I have to question it.http://www.cleveland.com/datacentral/index.ssf/201...If the house goes up that much in value and you refinance, the taxes will raise as well, but you are using the same number in both examples. 

This is very interesting....sounds like they are sort of listening, but it doesn't really help value add investors like myself.  

@Ned : The power company doesn’t own this land but has purchase easement this land a longest time ago.

My question is why doesn't the annual issued for 2017 equal the total amount if you add up all 12 months for 2017?

However, after reviewing the P&Ls for 2016-2018, it seems that this property doesn’t even cover the debt!