The bank might want it back if things really go belly up. 

Originally posted by @Jill F.:At

Hey my name is Matthew Bell I am completely new to real estate and I really do not know where to get started.

You simply have to deal belly-to-belly with your tenants in this property class if you don't want to make your life hell.

This in itself could be a very important consideration for an investor.Character : There have been many business owners or real estate operators over the years with experience who have gone belly up or been involved in illegal activities even.

I reviewed the preferred contractors invoice to the insurance, there are many inconsistencies such as, double billing (have recording of contractor stating they purposely double billed to be able to pay for his electrician), billing for materials/labor not provided, and oddly enough a big fat "management" fee for the electrician that I hired/managed and paid deposit.

If your company went belly up, then they'd be right back at where the property currently is...vacant. 

It may be a good idea to look at all of them as rental properties where you also appear to be the tenants and see where you could trim some fat. 

I am assuming you trimmed the fat on the underwriting process - I'm curious to know how you're able to get it done.

I bet this becomes de rigeur across the board.BTW, these areas don't want fat SF salaries coming to their towns.