It's all relative and a matter of perspective.

I don't know how long I am supposed to make this introduction, or how much of my story to tell, but I can give you all a quick idea of my situation and plans.I moved back to the Valley about 9 months ago for a fresh start.

The only advantage by calling it a second home from a lending perspective is that you can put only 10% down on a second vs 15% for an investment property.

.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

Whether you're a seasoned real estate veteran or fresh in the industry, your insights can help us all grow.Let's use this space to collaborate and inspire each other.

I need your investor's perspective because I've been discouraged by homeowners. 

It gave me some good perspective, Inspiring! 

I am happy that you have learnt so much from the Groves, but it has to be put into perspective, as you said that you have been a real estate investor since 2002. 

All the best  That sounds like a great deal, at least from a cash flow perspective

You will meet people from different walks of life that will give you different perspectives.