Finally, The rent control discourages further development, limiting supply which results in higher rents.So rents go up, but the rent control advocates are too uneducated on the economics of the rent control policy to see their role in the rent increase.Another consequence of rent control is no value in keeping the property as nice.

I've got plenty of room to build out a nice place with all the finishes.

He does a great job and is very reasonable, and is just a great guy.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

They absolutely hate that part of the job. 

Making the next million is nice but doesn't motivate me to log long hours.

Although insulating the floor is a nice extra, it is not the primary way that cold gets into the house.

I've been a broker dealing exclusively with multi family property over the last 20 years.Landlording is a tough job. 

Nice work buddy!

Quote from @Jonathan Grzeszczyk: Soon I am taking a job with a wholesaling company on the acquisition side of the deal.