Aquila Phillips I represent investors in 38118, 38116 and many other zip codes where are having ROI's in the teens.

They were common when I moved to Houston in 1982 and interest rates were in the high teens.

I should clarify, that is someone is holding it short term, they could have ordinary rates up to 39.6% plus the medicare surtax 3.8% and state rates up to ~13% = 56.4%Even held long term there could be depreciation recapture taxed up to 25% plus medicare surtax 3.8% and state rates into the teens(13%) = 41.8%  It can add up very quickly.

Sure, the returns are in the teens or lower.

I cant say how well it protects us since I haven't experienced any test of that but for a MF it made sense to do it that way and we were not able to get umbrella liability anyway due to the  teen drivers.

I can remember as a teen living in a basement apartment (my dad was a janitor and we lived in the basement apartment in one of the buildings he managed) and disposable diapers were just coming on the market...

Have cash on cash in the mid teens to start with quality tenants and the rest for reserves. 

I have a 1966 VW Microbus which I have hired-out ... along with one long-haired driver ... to teens for Prom night.  

I had a mentor through my childhood and teens that owned 20-30 single family homes that sparked my interest in real estate and I have been working towards being able to start for myself for several years and was just recently able to do so.

I have single story and two story mutuality families and the ground floor units tend to be more desirable because a lot of people hate going up and down stairs....especially old people and obese people.