. -- I now owe 10K :(Update on the 2 auto loans: I still have them :(Property #6 -- I bought a 30K single family 3bd 2bth house I am currently renovating with about 3K (Minor aesthetic repairs).

The aesthetics, the physical condition of the property, the potential for appreciation, the ease of management and maintenance - these are things that are much more important in the consideration of a single purchase.

Also, I imagine the conversion can be relatively cheap because part of the appeal is retaining the industrial aesthetic (e.g., exposed brick, exposed ducts, concrete floors).In terms of condo conversion, non-residential properties are optimal, because if you take a rental unit off the market in Oakland, you have to replace it.

Don't get me wrong I love my country respect the men & women who have fought and died for our freedoms.Ever thou two nights ago three punks ran up on me at a gas station (in a decient niegborhood homes values 150K & up)pulled a gun and demanded I give them them my $$$.

They also aren't as aesthetically pleasing as more modern systems and the radiators tend to take up a lot of floor space.

Hire good people, treat them with respect, bring them cookies to the jobsite, offer praise when praise is due (contractors are not numbers people as much as they are "aesthetics"...they enjoy being able to do nice work), pay them on time, and you'll have a devoted team in no time.  

Why does it always happen when you misspeak that is when the internet decides to be a punk... obviously I meant asset value, the math shows that is what was used.

I didn't take a video walkthrough since there were tenants with us but it was a decent space that wouldn't need a ton of work, but definitely some cosmetic and aesthetic rehabbing.I believe Michelle asked a question about purchase with tenants - Sean answer this one.We also discussed why it's important for us to be investing in this area, though sometimes dangerous since we go as a group it's less of a threat for us.  

Property just needs some aesthetic work. 3 units. 1 efficient, 1 2b and 1 1b.Rents $475, $375, and $200 = $1050.

The name of the game is high quality, long lasting, aesthetically pleasing but economical for a rental.Good luck!