Pure numbers don't look bad....And maybe look at some details like property condition (so no major outlays early for capital projects), your home base makes me think college, so are these empty each summer or is there mass competition for students (which can be management challenges).

Almost every major highway is under construction at the moment (I don't miss that) and traffic is always a joy to be stuck in.  

That "just do it again" attitude is pure predatory and this too is mentioned in Dodd Frank!

Anytime you can shift an expense from you to the tenant and it becomes pure profit in under 2 years it's a no brainer!

I became a landlord on pure, dumb luck when I moved to Chicago three years ago.  

In terms of pure RE like with any huge city space is at a premium so except a tiny living space but from my travels to Europe that is also true there (if not more so).

I'd try to get a well rounded market that has positive rental cash flow as well as potential appreciation rather than a pure cashflow play (like Columbus) or a pure appreciation play (like LA).

Not touching a place and selling higher has no justification for a higher price.Legally, you can forget about your "buying under the market value" junk, that is pure guru talk.

I agree pure flipping is a bit risky unless you have the cash to cover early learning mistakes.

You also lost one month of rent and (I'm assuming you're leasing the space yourself, and not paying a broker 1-mo rent), your cost is $2,550, and you gained $50/mo.Yes - your "Break Even" is a 3.5ish years, but this ignores the value increase.Assuming a 10% cap, and you're already covering expenses, that $50/mo = $600/year = pure NOI.