Another aspect is REI being considered more recession proof than paper assets.

And as someone who played a lot of poker in college I can really relate to the long term grind aspect (although you may play your cards right you'll win some and lose some along the way.

They can be good investments if you understand and manage the lack of liquidity aspect of NPN's.

The end result turned out fine, but there were more moving parts that I feel necessary.Most times, we are not gutting the unit when we refinish floors, but we almost always end-up repairing/repainting the trim after the floors are done.How do you avoid or deal with this aspect?

Just because a property is zoned to allow a use, doesn't mean that the physical aspects of the lot will accommodate it.

The best thing to do is to learn your market and immerse yourself in all aspects of the business locally.

14 days occupancy.....so your tenants can't take a three week vacation, better check on that aspect of your lease.Yes, get relatives or his point of contact to get the place empty.

But it's just not for me.I am seriously considering a property manager for certain aspects of this property.

Thanks @Jake Goehring, that's precisely why I said "experienced" rehabber and "needs new everything, inside and out" in anticipation of and expecting the worst in every aspect of the rehab.

Having worked with architects, I'd also advise to to be very careful about the budgeting aspect.