@Steven Bays ok, sounds like taxes are pretty stiff in your area.

Wearing a suite really isn't my style, it makes me feel too stiff and like a lawyer.

You are building a house of cards and sooner or later a stiff wind will come along.But, there is an even bigger issue here, if you are not very careful you can cause yourself some real tax headaches.

Which means stiff competition for an average fixed up property.- Free first month is a big problem to compete against and a sign of serious problems with over supply!

Almost all states require a security deposit accounting and some states have stiff damages for the Landlord for not providing the security deposit accounting whether or not they get any of it back or not.

Multis I still have a stiff learning curve on but I bet it's true there too.

You can't cash in your IRA before you hit retirement age without taken a stiff penalty and you can't simply trade away your real estate when the mood strikes you. 

And with revenue-generating websites, while a hell of a lot more stable, it's still vulnerable to stiff competition and changing trends.

Glad you was able to make the numbers work, especially in downtown with the stiff requirements they have at this time.

Now if you get a tenant that stiffs you on the last month's rent and has no security deposit left - or that gets evicted, then you're coming out of pocket for that bill.