For instance, you could buy RIGHT and not only obtain significant equity, but also significant cash flow.Be careful about listening to me about that wealth building stuff...Guys like me and my friends could "no way" no anything about this sorta thing...Now, that we can both agree on!

Charlotte, for instance, took a surprise hit from Wachovia and lost many jobs.If you are investing for cash flow, then the numbers are easy to run, and if they work you buy.

We want to manage it ourselves and pay a gardener and a handyman to take care of everything on that end.We understand that there may be instances when the handyman isn't available and we'll need to head to the property - not a problem since my work schedule is very flexible.Is there a reason that I should not manage it myself from that distance?

Here's what happens when landlords don't control unruly tenants and the neighbors complain:Others step in who WILL address the issue.Neighborhood groups, for instance, who will take this up with city council members.

For instance, in Memphis TN we have the Memphis Area Association of Realtors otherwise known as MAAR.

For instance, one of my recently acquired buildings in Berwyn has the entire building plumbed with no "unit shut offs" In other words, there is no separation of water pipes from unit to unit.

Many agents like myself, or @James Wise for instance actually have appraisers calling us to get our opinions on a properties value when they are doing an appraisal on another sale.

Its an embarrassment to the industry and they should be run out or fined for attempting to knowingly sell unsafe properties to unsuspecting consumers.Property inspectors are not always the best group either, but in this instance they discovered some real problems it sounds like...that's what they are paid to do...It's always best to do things right...it's your reputation on the line. 

For instance, an interest only loan 10% or more in California should be done through a broker to avoid running afoul of state law and DRE compliance.- Make sure you are getting a good Lender Title Insurance to secure your lien.  125% ALTA policies with no Western Regional Exceptions (also known as 2006 Extended Policy Coverage) are great for private bennies in California, and that may also be true of New York. 

For instance you are not including anything for Vacancy even though you indicate it has a current vacancy.