I love the idea of fringe investing and letting it "wash" over you for appreciation and eventual rent increases.  

It would have been a good deal, but to give you an idea of the risk, I had to pass, it eventually went on MLS and he put a lot of time into it for nothing.

If not they will milk free rent and try to delay eviction or wait until the last second to move.Either way you are going to be out some money on this one eventually.

Unlike fuses the little strip of metal inside a breaker can eventually lose its "spring".....it ends up tripping at lower loads than it's supposed to.

I would not invest in a negative cash flow project even though some of them may provide the highest return eventually.

The properties would pass at a stepped up fair market value basis which eventually erase the tax bill that's been repeatedly deferred.Ultimately, I think we're thinking and saying the same things.

@Rob King this is a great question I would stick with the 4plex it will eventually cash flow very well.

I eventually gave this tenant a very stern letter with their rent statement in October, letting them know that they were taking advantage of my kindness and because of the continued lateness 1) if they were late again with parking rent, their car would be towed and 2) if they were late again with the apartment rent, I'd be giving them a formal Rent Demand followed by filing a Non-Payment Petition with the court, which would be on their record whenever they were looking for a new apartment.

Eventually I want to buy some rental properties too, but this month, I'm looking for a flip.

You know what they say, give a person enough rope and they will eventually hang themselves : )