Sorry, fat fingers dupe post

If there was extra land I could parcel out or demo the building and construct a higher density or sell the land to a developer for a fat profit then the building breaking even wouldn't bother me as much.Because the value wouldn't be tied to just the building bit more so the land that it sits on.Also if the rents were under market and you had deferred maintenance that would come in as far as value plays.I don't just look at a property from an income stand point.There are many angles to look at it from where it might make sense.

Probably the easiest way is to buy the least expensive property you can in a low crime neighborhood.

We, and our owners, aren't worried about $15, but tenants really do feel like we are greedy fat cats when you do that crap.

I love this field and am very hungry to learn as much as I can. In

The stereotypical image of a "landlord" being some lowlife looking to nickel and dime everyone they can.  In

Really enjoyed the most recent podcast with Fat Tony.

Since it sounds like you don't have a lot of experience in these matters then get what you can in terms of percentage and use the deal as a hands on learning experience.

Once I move out of the one I'm in now I will rent it out and once it is fat enough I think I might sell it. 

You may find some properties in the NW Cape but even then it's tough sledding for under $150K.Challenge accepted, 426 sw 44th ter :)Looking at this in more detail I think you are on target though, should be a fat, well deserved paycheck.