And then you have area # 6 which is mainly East Nash with 37206, 37216 and certain parts of 37207.As far as buying actual apartment buildings, depending on how big & how many units you are referring to, you'd be hard pressed to find a good, full complex for sale, rather maybe look into multiple units for sale in an already existing complex.After being in the Hotel business for awhile, I know that there are a lot more day-to-day maintenance and liability issues, management costs and other misc factors in running a big complex that could add alot more expense to your overall budget, slowly eating away at your bottom line… You may have to think about and budget for the following: pool, dumpsters, common grounds, insurance, exterior lighting, signage, landscaping, security, employees, etc...

Now that you've "been there, done that" with tax deeds, you know the process, and pit falls.

If there are any common areas that are lit, then you would have to figure in a small electric bill (maybe another $25 per month or $300 per year).

Seems like there should be some borrower protection to prevent it or why wouldn't the banks make it more common practice??

On payday (every other week), just have $X get sent to me.I only have this one property so that last part wouldn't be an issue either way.Is it common for people who do bi-weekly payments to front-load the landlord with enough money in the account to cover the difference until the balance evens out?

I realize these May sound like common sense but at the time they just didn't seem that important.

Trying to inject closed cell foam, or blow in cellulose into the wall cavities is problematic due to the common, but not systematic, use of cross members.

So we've got some common ground there!

I'm still going to keep my eyes open in So Cal for the 1% chance that something does come up but I've shifted my attention and research to finding a market that make sense based on crime rates, unemployment rates, job growth, etc.Your rule #7 makes common sense but I hadn't though about incorporating that into my overall strategy.

Also what are the common changes you would make in a rehab home, so I really appreciate you taking the time to comment.