@James Wise is right, the idea of a living wage runs counter to a society where the mantra is more for less.In theory, a higher minimum wage leads to more money in circulation, but reality, in the context of North American society, would more likely be displacement of more jobs offshore.

But make sure it's something you willing on gambling with since you actually had a signed lease already.

Or moved off shore, only to be automated there, too.  

I think their title company is some offshore service that is not very responsive or good.its well worth the minor costs to have your own title company do the job right.

So now you're really just gambling......If I were you, I would stick to hubzu.com and homesearch.com for the auctions.

NA Onyido   There is two schools of thought on the placing of tenants... one school of thought is if you pick the tenant yourself you can be more selective with your PM in the selection process.I know one hedge fund we flip two they first started wanting everything tenanted.. then they switched and now they want to do their own tenant placement feel they have better command and control.Unfortunately some bad actors in the business have put terrible tenants in and within a few months the tenants are gone etc.. there is a BP thread from an investor off shore who bought Memphis from an Off shore TK company and it had tenants in place that were not good...

I vote for Winter in Co and a little skiing competition vs. gambling.

Sometimes people may work in many states and will be required to file tax returns for many states.Real Estate Real estate is a common way to create a presence within a state that will mean filing a state tax return.Lottery or Gambling winnings There are any number of people surprised to find that they owe not only the feds but a state for winning a state lottery, winning the pot at a casino in another state, traveling to a game show and winning a prize.Business Income This gets much more tricky.

Now that also goes with your expectations of the economy, if you think in 5 years for example rates will drop, you could gamble, but conservative thinking says take the fixed rate.Rich, in your situation with all the property you have I doubt you're talking about a 30 year fixed with Fannie-mae.

If you are hiring workers off the street, that is a big gamble, as you don't know their history with law suits etc.