Doing what your gut tells you will likely propel you forward to do more, so while this may not always figure out firmly on paper, it does have value to be considered as well.My intention is NOT for you to reply with the answers to these questions, but rather, to provide food for thought.

That seems like exactly the same thing, but with more safety for the seller.

Further if there is an event, the quicker lives are evacuated to safety and the fire is out the better - period. 

Food for thought.

@Brandon WhiteThe illegal rental unit situation Mike is referring to is typically brought about by a property not adhering to fire code, and/or rental licencing standards.In London you're required to have a fire safety inspection of the property before you're able to get a rental licence from the city.Example: You purchase a decent duplex, but when you go to get a rental licence for the property you fail the fire inspection.

Some assumptions made on the spreadsheet: property tax is 1.5% of property value, PMI is .5% of property value (I usually leave it in my calculations even if the down payment is 20%, additional conservative safety cushion :P), Agent commission 3%, vacancy 7%, capex 7%.

Make sure security lighting is good at night as well for safety of your tenants, to prevent illegal dumping on your property, and for helping keep illegal activity from happening in your parking lot ( drug deals ) etc.No legal advice given.        

Tips regarding neighborhoods (aiming for A and B neighborhoods)People or scams to be aware of (DM me)Also food recommendations welcome!!!

Tips regarding neighborhoods (aiming for A and B neighborhoods)People or scams to be aware of (DM me)Also food recommendations welcome!!!

And when I say dive in...I literally mean no safety net or wings.I will just shoot for the stars.That being said.