She's also likely to be causing your tenant in the lower unit to have a higher heating bill.

It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

Guaranteed others are fine with a lower elevation, but I do not have water run over my foundation inside.

Quote from @Melanie Baldridge: Why I like investing in real estate more than 401(k)s.Both offer tax deferrals, but here's the difference:If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.With real estate gains, you're paying capital gains tax (which is typically lower).Plus, RE investors get:1.

But as far monthly payment you could easily buy a house in a cheaper location have less roommates and the same monthly payment or the same number of roommates and a lower monthly payment.

You have to compare your expenses with each management style and find the option that works best for you.

It's OK to be more tenacious with negotiating down, and make the most out of a slowing market to buy at lower prices.

I guess from an "all things being equal" framework, what are the variety of reasons that an older home are more expensive to insure than newer homes? 

Lots of depreciation you will pay no tax maybe even shield some W2 income.B.  8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense. 

Anywhere near Evens has gotten very expensive, so cash flow will be tougher.