I think it will be a good solid long term property and it is a great location for me personally (5 minutes from my house, 15 minutes from where my kids attend school, and walking distance to my favorite Mexican restaurant).I have been able to trim operating expenses over $250 per month so far and think I'll potentially be able to trim them another $200 or so per month within the next month or so.

I have studied brokerage behind two top brokers in the industry since entering and am currently partnered with one.Before brokerage, I worked for two unique gentlemen in Los Angeles who own bars, restaurants, hotels, movie/tv production groups and promoting groups.

Even as a seasoned investor, it's one of my favorite ways to find houses.

My favorite cashflow neighborhoods: Cheviot, White Oak, Monfort Heights, Miami Township, Lockland, Reading.

Hey @Brent Coombs Auctions are by far my favorite way of finding high quality cash buyers.

SanAntonio is probably my favorite place to go.  

My favorite multi-family buildings are the Mathews Flats in the Ridgewood North and South Historic Districts. 

(Uhaul for $19.99 a day)Another option I would consider is selling it for $22-25k on craigslist (People can finance vehicles even if they're purchased off Craigslist, so it's a good possibility they can come up with that money) - and then turn around and buy a fuel efficient truck, such as the Toyota Tacoma (My favorite are the early 2000's which can be had for under 10k)Ignore the future family concern for now.

@Jon Kepler, I would love to do that and apartment buildings are one of my favorite niches!

It was probably my favorite city on a recent Euro-trip, even doubled back.