Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

Plus very few of these groups smoke or drink so that's other problems eliminated.  

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

If there are pets in the unit take a pan from under the sink and fill it with water so there's something to drink.

(With invested capital, this matters, plenty of people are worth "taking a shot on" in other capacities, just not with respect to managing my money).2) "Is this investment where I'm giving you money the top priority in your professional life?" 

Quote from @Mary Jay: Quote from @Bruce Woodruff: It depends on thr property/ Plenty of properties can cash flow while holding a mortgage.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Some people make 4x the rent but squander their income on eating out, drinking, car payments, etc.