I am not a big fan of changing layout because you can run into a whole of structural problems running plumbing through subflooring, weight of bathtubs,etc.

It's a fact that some of the markets that got hit fairly hard also have local banks least willing to lend, because many are over-weighted in 1-4's, whether they're performing, non-performing, or REO.

In a few more years of tenants I'm afraid the drywall may need removed and new studs put in.I'm considering purchasing a flat panel wall mount that will fit the size and weight of most retail TV's and installing it myself and making this part of the lease that the wall mount can't be removed.This rental is in a higher end development so the concern of the tenant not having a flat panel should be slim.

There are lower income areas that are quite solid, and cash flow like a dream.

Don't take this as a knock on your goals and dreams.

Speak with a RE attorney, it might cost you $250-350 but its going to be well worth its weight in gold.

What’s the probability of the seller accepting 0% interest for 30 years (I know, I’m dreaming).

Find an agent who will work with you for business.Danny, brokers should work for the business, however, if all you have to sell is your dream, i.e. you have no funding and no track record, then you will probably need to pay for their time.

Repairs and maintenance of older buildings will eat up any dreams for profit you may have.

Being a realtor/broker will allow me to achieve many investment goals that I've always dreamed of.