Hi Malcolm, With your strategy of holding multi-family properties or flipping, the key is running the numbers carefully to match your goals.

I wonder if Mitch was able to get his refi done before a NOD was filed and or late payments were put on the orginal sellers credit report.. this is the real risk to the seller if they value their fico score at all.. on some of this stuff the sellers credit is already trashed and they dont care.. but if folks buy from someone that does care holy cow when they get the NOD notice its right to the attorney.. 

She doesn't care that you manage the property, she cares how you manage it.

A few years ago I stopped coaching, I sold my print marketing company (Yellow Letters) to care for my wife.

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable? 

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

If the tenants don't care for the pool properly, it could cost you thousands to fix.

You could also take out equity if you want to keep the condo and use that for another investment, but I’d be careful about over-leveraging.

Be careful the seller isn't unloading a problem on your.