It’s a terrible buy.  

Union in the rain is a terrible experience. 

that sounds like a terrible idea lol. 

My first deal wasn't great, but it wasn't terrible. 

Is 8% a terrible number for vacancy?

In response to one of the recommendations above, I can only say I had a terrible experience with Connie from LDS Summit that almost killed my deal.

He also describes them very well, so you don't miss out at all.His other book "The Book on Investing in Real Estate with Low and No Money Down" is also great, but unfortunately the reader is pretty terrible and distracting, so I suggest reading it on paper or Kindle.I wish more Bigger Pockets books were available via audio!

Reason's I've retained:Minimize your own cash in a deal.Use someone else's cash to buy a property (the bank) and another person's to pay off the loan (the renter).Buy more properties (simplistic example: buy one 100k property cash, or finance four 100k properties).On the other side, paying off a mortgage early (or unleverage):Pay off a property and increase cash flow (some people claim this is a terrible idea)Less risk.

@Jeff DufordNo most tenants can barely dress themselves .I’ve toured some apartments before where the tenant not only dId a terrIble sloppy job but ruined laminate floor because they wouldn’t use the drop cloth and the paint got down in the flooring textured pattern on the planks .

Vermont is a terrible state to be a landlord of that kind.