What I will not do is pay a bad tenant to leave so that another landlord gets stuck with having to deal with a bad tenant that I have rewarded for their poor behavior.  

The stress was pretty bad when the power was out. 

Class C is volatile - it can go well or badly.

No offense but I feel bad for the original seller more than you.

I had to give them the bad news, there were no beach properties that cheap and the real prices are $1M to $5M.These articles pull the sales data for zip codes which can span over 100 sq miles, but then show the income data from a small area (1 to 10 sq miles) within the zip code. 

Thanks Dream big, live more than modestly, treat people with respect.

If we do a bad job, then it looks like BP also does a bad job.

Agreed, last deal I had in Jersey city was lost due to really bad plumbing and electrical issues, on a older mixed use building. 

Most CPA will say they work with investors who own real estate all the time and that is probably technically true because so many people do have one or two properties, but that doesn't mean they treat their properties like investors, nor do those CPAs necessarily know how to take advantage of real estate tax rules.

Everyone deserves to be treated fairly and ethically.