Fifty-percent expenses isn't even going to come close to covering the vacancies, lawsuits and damages you will incur with a property such as this.

The structural evaluation that is now required (should have been common sense) is being done for the first time in fifty years in some cases.  

Unfortunately, post housing bubble the area has deteriorated, renters have moved in, and my property value has dropped by fifty percent.

He was hemming and hawing, but when I pointed out he'll have to replace his cars, that did it.Another co-worker also in his fifties quit his job and took the company offer.

We'll run out of good building sites before we run out of demand for properties to put there, at the rate things have been going for the last fifty years.

Play the Cashflow 101 game (there is a Cashflow 202 version once you feel comfortable with the 101 version).I played the game (mostly 101) many times in the 2000s as a fifty-something and learned a lot. 

For purposes of determining such amount, the county treasurer may estimate the amount of taxes, assessments, interest, penalties, and costs that will be payable at the time the deed of the property is transferred to the purchaser.Notwithstanding the minimum sales price provisions of divisions (A)(1) and (2) of this section to the contrary, a parcel sold pursuant to this section shall not be sold for less than the amount described in division (A)(2) of this section if the highest bidder is the owner of record of the parcel immediately prior to the judgment of foreclosure or a member of the following class of parties connected to that owner: a member of that owner’s immediate family, a person with a power of attorney appointed by that owner who subsequently transfers the parcel to the owner, a sole proprietorship owned by that owner or a member of his immediate family, or a partnership, trust, business trust, corporation, or association in which the owner or a member of his immediate family owns or controls directly or indirectly more than fifty per cent.

When you have a solid team, you can do deals anywhere you like without constant oversight.One of my mentors does deals virtually in all fifty states.

Does anyone have thoughts about streamlining their business to go from five to fifty?

(iii) This note is subject to Section 2966 of Civil Code, which provides that the holder of this Note shall give written notice to the Trustor, or his successor in interest, of prescribed information at least ninety (90) and not more than one hundred fifty (150) days before any balloon payment is due.