(i.e. broken or crushed cast iron drain pipe, structural framing issue, etc.).

Iron Bound is hot.

Ironically, this was the first thing the insurance agent asked me "Do you have a police report for the vandalism?".  

If you don't have iron thick skin, let a PM deal with low income rentals.

How ironic that the acronym for the ordinance is TRAP

Iron out the details with your property manager on responsibilities covered.IE: if the tenant pops a circuit breaker and can't figure out how to fix it, will your property manager go or do you have to get an electrician?  

Say I buy that $60K property at 20% ($12K) down and cash flow $100 month a door like is mentioned on here a lot.Here is the trade I just closed out of today:With that $12K (down payment) 30 days ago I did 6 S&P 500 stock spreads called Iron Condors in the stock market for $200 a piece that required $12K.Today they became full value equaling $1,200.

Hi Kristi, Ironically, I don't understand the Midwest market.

$15,000That's funny (ironic funny, not haha funny) -- my BEST investment from a pure ROI standpoint was books-a-million.

Something he always hated, and the mostly-falling apart farmhouse was all my parents could find after being handed a 30 day notice.The house had holes in the walls, no insulation but it did have a nice big cast iron wood burning stove so we didn't freeze to death in the winter.