It will be the highlight of his year.The other thing you can do is pay some teens to watch your house.

  #2 and #3 is important even when #1 is not present.LPs can get mid to high teens for value add opportunities; so, development needs to be higher due to the risk (think 25% range conservatively).There are a lot of development opportunities floating around and many of them have similar structures and returns as less risky value add or stabilized offerings. 

He finally left after getting into a brawl with 3 teen thugs who were strong arm robbing his elderly neighbor in the neighbor man's driveway-in broad daylight!

Another tenant left one of those giant wheel chairs for the obese.

Or bet on GE and buy it at $35/share when everyone thought it was trading at a great discount until it fell to the teens...

Greg, I can only imagine the things hopeful buyers would say to a teen buying a lot of houses!

The inspector could not identify where it originated, yet had higher moisture content than normal (23 - single digits to low teens is "normal"), and the roofer I had go out later said the roof needed replacing and cited an area in his inspection that looks to be sagging in the shingles/wood of an area. 

And serious breaks once into teens, that's saying completely avoidable problems happening that cost severely. 

The content generally needs to be adjusted for investors somewhat because your cost of equity should be at least in the low teens even if you're a bad real estate investor.  

The higher end median income areas the retail lease rates trade in the 20's per sq ft versus the mid to low teens in okay areas.