You on the other hand with a first larger property might get sticker shock on how much more the annual policy will cost you.

As for NYC, there is definitely an urban hype going on that is a little shocking at times.

http://twentytwowords.com/5-years-of-street-view-photos-show-detroits-shockingly-rapid-decay-19-pictures/

I'm in Denver, where there is currently a shocking lack of inventory.  

Which really shocked me, can we do a business loan on a rental house?

I am shocked to click on the Image Advertisement and to received other product information. 

And even if reserves look strong, be aware that you have almost no control over what the board does unless you are on it, and with the one condo we do own, I'm shocked at what they are willing to spend on, and they have no problem raising our condo fees each year.  

Good point @Charles Worth.Guess I was thinking about the 5 years and additional points etc.His rentals are SFR so think he will have sticker shock when going the commercial route plus needing an LLC.

But what shocks me is how experienced realtors will get these inspection reports and say, the buyer is ready to walk because of the long list of serious concerns.  

Talk to people, ask questions, impress them with your willingness to work and learn.Remember, you will sometimes lose money, it's a shock the first time it happens.