I'm looking for an exit strategy, and real estate seems to be a solid direction to try.

Takes too much of my time to get things set up, look for a property, and find the deal just to have the person back out and I look like an idiot to my agent for wasting their time.But it would really depend on what an investor was interested in setting up with me on it and if the numbers make sense.

I do have some fairly solid construction/remodeling experience which I hope will help me get started in the business and save me some expense on rehab deals.

My guess with the toilet flush is that at some point the units share a waste line.

So in the end I do not waste too much time with it, I delegate as much as possible.I work for free like stock investors do when they have to follow up the market every single day.I am now looking at Hamilton apartment buildings with 10 apartments because I am not interested in buying 150K properties and have to manage tenants and repairs all over the place to just get $500 per property at the end of the month.

If you found this error while closing the deal, you could waste a lot of time (at the title complany) waiting for it to be worked out.

Exterior needs repainted, but other than that pretty solid.

That use of leverage is really the only solid reason to invest in rentals and deal with landlording and so on versus the stock market.

But to leave it in the house for another yr or two would also be wasting any return I could get on leveraging it.Thoughts?

The work involved in finding the deal is the same and the returns is higher.Regarding your question, instead of going for average cap rates, I would buy a property if it makes sense financially in a location with solid job growth.