I'd consider your appreciation YOY, mortgage amortization, and your housing expense savings i.e. instead of paying $2,200 for an apartment now you're paying $1000/month since your roomates are helping cover mortgage. 

That deals more with apartments than comml industrial.  

One time (the $100k) time, we found that the sewer line from a 32 unit apartment building actually just dumped into the creek and was never hooked up to the city sewer system which ended a few blocks away.  

Once in, they could pay rent for a few months until you feel everything is perfect, which then greases the tracks for them to tear your life apart.

.: Quote from @Chris Seveney: @James WiseI was sitting next to a doctor at a conference who did a private money loan and lost $$200k then he did a jv deal where he became co-owner of a LLC, gave a personal guarantee on the asset and put money in the deal to buy it but didn’t put a lien on property so partner went and leveraged the assets as well and ran off and dr had personal guarantee.They then bought a property and renovated half of it then decided to knock it down….I had a successful shoulder surgeon ask me to list his apartment building that was under-performing.

With Austin, Dallas, and Houston becoming more expensive, many are finding affordable housing in Waco.                                                                                                                                                     

Some renters become home inspectors and will tear your place apart regarding anything (maybe for a discount).  

I just love working in fields that I love.The main reason people get into apartment investing is because they realize exactly what you said.

I just completed my renovation to turn my basement into a studio apartment that I will rent soon!

I live in apartments that aren't on ground floor and none of the apartments I've lived in have a drain pan.