You will be tired and bored to death.Most people want to see the house NOW, and the only way you can do that is to show it on a convenient day (weekend) to everyone.

I was just about to make a post entitled "how to know if a town is crime ridden" This crime tool is very convenient!

Therefore, the elimination of the competition by imposing the owner-occupied rule.I doubt there is a way to convenience the owner to allow you to become a partner or part of the competition.

The potential "tenant" came to you on the day of move in and said, "look, here is the rest of the deposit, but I'm going to move in next month and prevent you from earning a months income because it's not convenient to my move-out date."

I find these homes all the time, rip the siding off and stucco the home.I do also agree that the most important factor is the curb appeal which would mean changing the old wood frame or metal frame windows, in doing so, you will have to stucco the home anyways unless you use retrofit pop-ins which I do not recommend, and all the other things mentioned - landscaping, nice looking color combinations, etc.So, is stucco convenient?

Making educated bets is like gambling at a poker table.

Too close to the "evil" gambling and the threat of increased crime (whether true or not, the perception will detract) and any casino workers that want to buy to be close to work will be lower income people, so at best they will maintain market level (but based on my friend's income level, I think they will be a step down).What are BP's thoughts on the situation?

He has been through about 4 cycles he said and he said each time for commercial multifamily was the leading drive on the rebound.If you look at cycles they all have similarities and some differences.Recognizing these patterns leads to the best portfolio and the best returns versus risk.What Rich said holds true in that you avoid the herd mentality.People that do not invest prudently do good with some properties and then the others bring them down to a negative to flat position for years before you can recover.Some of these syndicated pools of investors look at the big project as a smaller risk.That is fine if the gamble is made based on the funds entered is only a small percentage of their total worth.Example if the have 2 million liquid and want to spend 100k for an interest in a property that could throw off very high returns than they are still safe versus their overall portfolio.I can tell you that buyers think "I am buying so low there is NO WAY I can lose on this!".

If you want to gamble try sports betting.

One year tenancy should be enough to argue something in front of the judge.And then you could always gamble a bit: On one side, if it fails, you loose $100 or so filing fee and your time (if you go yourself to court).