The HA will then determine if they can pay your rent based on it being reasonible compared to other comparible non-sec 8 rentals and affordable for this particular voucher holder.  

Account ClosedIncome taxes are normally not calculated in cash-on-cash return calculations because everyone's tax situation is different.For sake of comparison - the cash-on-cash return should be comparable on a level playing field.Person A - $100 return on a $1000 investment.

A in-law suite is not a legal rental so the appraisals are not comparable.

Lenders have different lending terms and conditions compared to their competition.

Heck, I'm surprised we haven't already seen the 'cut & paste' guys who post the same boots on the ground posts a dozen times a day.  

This isn't bad compared to a lot of schools, but was still more than we wanted to pay. 

The same is true for the economy, we are growing but compared to similar cities we are falling behind (if you don’t read the Chung Report, I’d start subscribing to it).   

Get a steel plate and some concrete anchors and you can leave as is below ground but seal access.Less cheap and permanent.

You also want to make sure your not getting water coming up from the ground(if so you may need a sump pump installed).

If you buy index funds you will get similar returns compared to a cheap college home.