It's unbelievable how difficult these people can be.

Cost is way too high unless you had a unbelievable deal lined up and needed that extra cash tomorrow.  

Unbelievable source on info.

Immigrants often come from cultures that are not addicted to pointless/stupid personal consumer debt like we are.

After three years of being afraid to even walk out my front door without first checking the window to make sure the coast was clear, finally most of the stocks are gone and there is peace and quiet and yet the landlord of one of the heroin dealers is continuing to torment me through the most unbelievable unconstitutional illegal use of his power as a board member now.  

A lot of the cleaning crews seem good at first and then you later find out that they have mental health issues or drug addictions.

They have unbelievably high unemployment, it's a food desert, and high poverty rates, but a 1985 home for $65k renting at $1100 is otherwise tempting.

And you are beyond lucky to not be on the L train - everyone is exiting all L train stops b/c 2019 they are shutting it down -- no plan fo how to get people into the city so far.I created an infographic for you for multi-famiilies only in these 3 area -- but 2 beds and 3 beds int these areas have jumped from $300k - over $1 million -- its unbelievable!!!! 

... using similar calculations as Justin I have come to the same conclusion that in some cases lower value assets can be less profitable even with higher rent-to-value ratios for the very reason that CapEx doesn't scale with rent, though like Justin I don't claim to have longterm experience with these assets but believe the CapEx math though it may seem unbelievable to some ...One thing NOT mentioned, though, is that the CapEx vs time is NOT linear, though the calculations suggested linearize them ... this means that there are "sweet spots" to be exploited, and exploiting these sweet spots becomes especially important in the lower value assets.

-one of you dies-disinterest : one of you looses interest in what you guys are doing-drugs: one of you becomes an addict and can no longer serve as a co-ownerSorry I don't have better advice, but I hope that helps in some regard!