A good way to classify A - B - C - D properties are by the shirts your tenants are wearing.A Properties = White collar professionals wanting nicer amenities to entertain friends.B Properties = Blue collar working class, bread and butter cash flow tenants that respect the property.C Properties = T-Shirts week-to-week paycheck residents, usually a mix of Section 8 and working classD Properties = NO SHIRTS gathered on the front steps drinking 40's out of a paper bag at high noon.

Peeling paint, inside or outside, handrails on stairs over 2 steps, broken glass, working electric and plumbing and operational heat source. 

@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).

We end up stocking about 50/50 because my wife will drink my bourbon (she doesn't want her own glass, she just wants some of mine even if I'm not having some).

This will increase their normal business.Get a liquor license, sell cocktails, Sangria and summer drinks (no wine, leave that for the restaurant) from 9 to closing time from the small location. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

It's because you didn't get rid of all the food and drinks left on the studs by the electricians and plumbers, before the sheetrock crew does their thing. 

I eat, sleep and drink residential remodeling.