@Aaron Norris  I to see an enormous  opportunity in the space.

Engelo, Price Hill is  an enormous area. 

You're never going to be able to keep out every problem tenant -- but if you set your standards logically and you don't back down on the details, you can reduce your tenant-related stress enormously.

I understand FB costs are enormous.  

A decision which I believe cost him enormous amounts of money over the course of his career. 

If you can buy a steal in Boston that is different all together, but if not...We can agree to disagree on this one, but in a few years when these less expensive buildings have $0 in debt there will be a higher percentage of equity than something that is bought for top dollar that still has an enormous nut on it, what is the bank going to loan on?

 My Husband and I are just now starting with real estate investing and we  went to a live event this past  weekend put on by Phil Grove and his wife - it was very informative and was very well planned and smooth ( I'm a professional sales person)  it was fun to see the whole sales pitch unfold for the coaching program - knocking out the objections throughout the presentation before they come, building value, taking people into their pain and getting to the WHY , giving information while all at the same time saying everything for a reason without coming off like a salesperson,  and then the cherry on top was  to see how they charge an enormous amount of money to sell a program just to have the students go out and do the marketing to bring him and his team deals to partner on, the big picture of his business was an amazing master mind project - I was really impressed from a sales stand point I felt that it was very smooth and done with class, class because they really did make the event informative which is something that is lacking at most of the meetups I have attended, although most of the info was to train the attendees enough to be able to go out and market to bring in deals for them to partner on - I was actually very  interested in the program but they are asking  a SIGNIFICANT amount of money and were not exactly clear on exactly what you get for it other that the "network"  which he did mention many times that your network is your networth  ;-) .

Having traveled to third world countries and lived abroad, I can tell you firsthand anyone born in the US is enormously wealthy just in terms of the easy credit and loans we have access to and the wealthy folks who surround us who can power our businesses.

One of them I purchased through RtR and I want to thank @Zach Lemaster , @Scott Lundgreen and the RtR team for the enormous help and education through the process.

On the Marco level I understand the reasons for this; increased exposure to enormous repair costs make it a no brainer all other things being equal.