Realistically speaking, if they are, I'd boot the one paying the lowest rent with a 30 day notice and then move in to that unit.I would strongly encourage you talk to your lender regarding the occupancy policy in your state.

Same goes for time - how much time can you realistically give to an investment.

Please be realistic.  

I know its a different environment now, but I know there's something here for those of us who are willing to put in the time and be realistic with goals.

No labor, no flooring, no drywall, no framing, etc.I'd think you'd be spending closer to 30-40k a unit to build out to be more realistic, especially looking at your projections of taking rent from 3000 to 10000.

Is it naive to think that the kind of " good deals" that are talked about on the podcasts could realistically be found with a realtor.

Under your scenario where 100% of the funds come from others, the realistic scenario (if there is one) would be either a partnership or a syndication.

Occupancy has improved a lot since then. 5% actual with 5% economic might be more realistic for 2016. incremental rent growth after the property is stable is 2%I think we can safely assume a 3% growth rate going forward due to high demand and low supply (depends on your area). 

I much prefer having realistic assessments throughout the year. 

There are definitely comps in the area, just lack of consistency.I know there is always some level of risk but I'm trying to at least take on a manageable amount and be realistic about the sales price.Any advice for a first timer?