You also talk about Woodford Reserve, the grounds are beautiful and the brass pot stills are amazing.

Quote from @Andrew Steffens: Hey Devin,It is a fine line.  1-2 missing towels, cracked coffee pot, etc we are usually chalking up to a cost of doing business. 

you may need to cast a wide net. 

@Craig McConnell i moved to detroit last year (attorney from columbus turned realtor in detroit). since the city is 140 square miles, i read the 900 page zoning code, made outlines, and came to this conclusion based on market research and the zoning: the city is investing in "Traditional Main Street Overlay Areas." it's a term of art from our zoning code, that basically means that there's existing (probably vacant) commercial corridors that are being revitalized and re-tenanted in these areas. so if you look at the map of the Overlay Areas, the orange are the original areas and then the purple are the newer, up-and-coming areas. so the orange is like midtown, corktown, bagley (investors love bagley). and the purple is like van dyke and 8 mile (like Cameron mentioned earlier) and the e warren Overlay Area, which is the 48224 zip code. i really like that zip code (the whole zip code, both north and south of i-94). the house sizes are rarely over 2,000 sqft (most are 700-1,600 sqft). there are some duplexes, lots are sfh, and owner-occs, and the neighborhoods aren't bombed out (like there aren't any vacant lots mixed in with the houses. rather, the streets are lined with little brick bungalows built between 1920-1950). the entry point in 48224 is a little lower than bagley for instance. but the ARVs are climbing and demand is there, especially for $200k homes (they often go to fha buyers). and we're seeing closing cost concessions just being stacked on top of the purchase price (as opposed to cutting into seller's net). i just leased half a duplex in 48224 for $1,450. it basically has original everything, but landlord did add new butcher block counter and dishwasher. last thing about 48224, it has some of the highest rated schools in detroit. i'm not saying these are the only areas to invest in, but they are the established areas that the city is pushing investment. so if you strictly stick to the Overlay Areas, you'll miss out on some of the up-and-coming areas, like islandview (east side) for instance, but will be investing in more established detroit neighborhoods. 

However, she smokes pot-- and sometimes you can smell that upstairs.     

Buying a property without equity…. means that if you had to sell.. you will taking a loss equal to AT LEAST…all costs associated with selling.Selling a $400,000 property that was bought in the last two years means that AT BEST… the equity is equal to 75% of the down payment. ( this is a rough statement and anyone who wants to crunch the hard numbers is very welcome to post them)$400,000 buy… $$60,000 -$80,000 down… $24,000 to the buyers agent… and another $5000 for other closing costs.Starting balance ..is $370,000.New selling /asking price… =$450,000 depending on the region… good luckBuyer counters at $400,000 and the seller accepts…Minus the realtor fees $24,000 and some concessions…$10,000 ..Net is $366.000 Ok this is a very rough discussion.either provide tighter numbers or accept the drillThis seller got out lucky.And didn’t account for the interest paid out or the new carpet , paint dishwasher and sod.Buy a business with equity….

However, my experience with this program was terrible.Vet #1 snuck in his adult daughter, an extreme pot-head with a Rottweiler in an apartment building.

Tenant does not want to share %age with thier attorney, and I do not want the plaintiff attorney to stir the pot and keep raising the stakes - to a point where I might as well hand it over to my liability insurance team to fight it out. 

I am not a fan of it, as an Accountant, just because it doesn't have a Balance Sheet and doesn't allow Journal Entries, a Balance Sheet is like the Roast in a Pot Roast and without it you don't get the full flavor.

There are pot holes at every step form entitlement to permitting to the vertical and getting CO.