Simply put my dad and I bought a duplex 6 years ago in joint tenancy. He lived in it, but then he passed and I inherited the building. For many years I had two great tenants.

I have spent $100,000 in upgrades/maintenance over the years and that’s not including regular maintenance which I don’t count, that’s really part of the monthly cost of ownership. Outside of the cash injections to make these upgrades, the building cash flows. And I mean that I have $1000 a month leftover after the mortgage and utilities are paid.

It has increased in value about $100k since I bought it, but I don’t really know the value to me as a depreciating asset.…