That goes for thugs on the corner, as well as for thugs in legislatures.  

I also own another triple nearby to the neighborhood you're buying (im fairly certain I know the trip you're buying in the corner) and have done great with it. 

The rent is often low per foot but the location is strong corner with good traffic counts and sightlines.Regular Dollar Trees and Dollar Generals for good locations in the current markets with good term left are going for about 6 to 6.5 cap rates.

This is especially important as deal flow picks up and competition increases—cutting corners on expense assumptions might win a deal, but it could lead to major headaches down the line.

The new builds are very attractive with all of the incentives, but they are often in weird corners of the town and do not command as high of rent as more prime locations that have been around for awhile.

When things were less competitive (I'm in 4 Corners) I had it turned off but we're already at less than 50% occupancy for the year the last 1.5 and having it off would increase that likely fairly substantially.If the platforms had better filters it wouldn't be a problem.

If you want to take a vacation, be out sick for an extended period, or even just move on, you'll need to "hire" and train a replacement.In terms of "The Cashflow Quadrant" (E - S - B - I), you're in the bottom-left corner: you're self-employed.You would need to move to the top-right corner and become a business owner: the business needs to run even when you're out sick, on vacation, "on family leave", etc.If you're new to the concept, "The Cashflow Quadrant" looks like this:E | B-----S | I"E" is you're an employee in someone else's business. 

Or they're incentivized to get the project done by a certain date and they will get x in return - keep in mind that can be a slippery slope if they rush to get things done and cut corners.

@V Reddy First, setting up an LLC to invest in real estate is generally to limit personal liability and for asset protection (select "magnifying glass icon" in top-right corner and search "LLC", you'll get a lot of feedback).

I am just getting started in real estate investing and have not bought my first property yet. However, I have a trustworthy and reputable private lender that is willing to fund my first few deals. I also own a small r...