I understand the pie in the sky routine most sellers give when they give their numbers.Rates are good now so it will cash flow better than it may when rates would go up...

I am doing my best to not go and remove the outside AC unit to make things a little more uncomfortable though that would have worked much better in July when this started :)In all seriousness I am curious to hear if anyone else has been in a similar situation and the thoughts of the BP community.Thanks! 

What you need to do:Implement a maintenance policy that includes routine inspections to eliminate unnecessary inconvenience for residents.

In the end, I was uncomfortable moving forward without have seen the property or toured the neighborhood and surveyed the market first hand.To that end, I am in the process of visiting Chicago among other cities to decide where I may be making my first investment.Thanks again to everyone for your time and insight.

Take Repair Request calls from Tenants-(This may be the responsibility of the Superintendent in the future).Proposed monthly fee of $xxxxx p/month.NOTE: Every month will require routine inspections.Thanks! 

First off, new things are always going to be a little uncomfortable.

We actually require tenants to make themselves available for routine maintenance in our lease, though if we just did a full reno there is often some shake out and we will assist as necessary in getting those issues resolved for the first few weeks.We like kwickset smartkey control deadbold locks (with passage handles).

It will feel uncomfortable at first just like anything else that is new but the best thing you can do is just take action and you will feel more qualified as time goes on.  

> What are you doing to stay diversified,As you say - diversification with real estate and financial assets within financial assets: stocks and bonds (though at these rates I prefer money market fund) and further within financial assets some global stocks (though there are reasonable arguments to be made for USA S&P 500 having lots of international exposure).also within real estate diversify - I am looking at a 2nd location in a different sate (I am uncomfortable with how much of my assets are in real estate in 1 geographic location). 

I’m trying to legally make her life uncomfortable...