Sound principles, good numbers and ability to drive to it make the most sense for me and allowed me to bounce back. 

Essentially, are there market leaders that you are going to have to beat out?

Not to mention family time, honey do's, a multitude of medical appointments, and just general relaxing.I find it essential to keep a good time management schedule.  

So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation.

I think you're right.The further I get into this book the more I realize the author is essentially laser focused on seller financing.

Cabinets would just need new hardware but are otherwise in good condition, countertops look newer than the rest of it.The NumbersSeller provided:2x 1 Bedroom, 1 Bath 425 sq ft. at ~$700 2x 2 Bedroom, 1 Bath 525 sq ft at ~$900-9501x "Weird" unit with upside potential: Essentially 2 1 bedroom units smooshed together because the city wouldn't license them separately (seller has no documentation as to why) 2 Bed, 2 Bath, 2 Kitchen, 700 Sq Ft., rent at ~$1070. 

It's both amazing as an investment since it's basically doubled in value in 7 years and as a place to live as there essentially is no commute time. 

They essentially look the same, but the front is fixed on these, as opposed to having a pull out drawer.  

You would have the same financing issues of when you bought it and you are essentially hoping the land value improves.

Its at this number of units that you can get professional onsite management to oversee your property and you are essentially the asset manager ensuring that the right property management company executes your business plan.