The cashflow it's self will produce more than adequate returns and by the time the true bloodbathe comes for stocks or real estate I'll have enough accumulated up to scoop up a couple rentals.

I have heard of 15K or larger assessments on each unit to make up the difference when repairs are needed and the reserves are not adequate. 

I know I can rent pasture for a horse if I have adequate acreage, and I certainly don't have to tell city hall.    

Sometimes, the auctioneer for the trustee holding the sales can help you with things of that nature.

Most of it comes from natural sprawl due to its position between the hot markets of Wynwood, the Design District, and Coral Gables.

I was thinking about something I heard on the BP podcast once about starting out doing bigger deals so that the natural exponential growth of my business would grow off a much larger base.

Also, making sure you home owner's insurance is setup to cover the rental onsite and having adequate coverage will take you a long way.

Even if it was concerete, he should have made sure all pipes were covered adequately from any concrtete falling into the pipes.

Do not conceal or misrepresent material facts or the state of your finances to vendors, creditors, or other outsiders.Fund your LLC adequately.

Feeding it when it's renting for $2400/m ... in a naturally supply constrained coastal area ... with Prop13 tax protections ... and a growing market ... is, different.In that situation, it doesn't take much for rents to rise 10%.