The building has 4 students in each unit, 2 per room.I've seen numerous times on this site that many investors want to see $100 per unit per month for their investments.

Even for the most basic of zoning, T3/single family, the lot size minimum always says 5000 sq ft.I've tried emailing and calling the zoning department numerous times and they have never gotten back to me.

I'm sure there are numerous areas that are ripe with opportunities.

I did contact numerous companies today and some that offer backup does not offer other features with the policy or reduced coverage.

I gambled, held on till 2006, and sold one for $740K, though realtors say I can get $800K or more.Good thing I wasn't that greedy.

But I figured I'd gamble on it this time and chance missing a month of rent.

If the owner is not wanting to share critical information then you are gambling. 

I have seen from numerous transactions we have done in the past, that some management companies will stick it to California and New York investors with their rates by charging "California" type prices whereas a Midwest investor will be paying a lot lower. 

Keep in mind, my main goal isn't to purchase numerous properties right now.

I am 42 yrs old and after reading Rich Dad Poor Dad and listening to numerous podcasts which include BP, The Real Estate Guys, and some others I feel its time I take action.