Wow that's wild. 

These big beautiful bricks have been here since the early 1900’s and aren’t going to get toppled over by a single or distressed section 8 lady that has been previously stuck in a shelter or one who’s fighting for her and her children’s lives.

I just looked at the 2nd installment and the jump in wild!

$10,000/ month spent in real cash is wild.

(You'd want an attorney to look the docs over but you wouldn't spend as much as we did as most of the attorney work was loan-related.)Of course you will also want to have insurance in place and that is often paid as a closing cost.Somewhat of a wild card are prorations.

Meanwhile, I'm talking to this guy and he said in his other property, the little old lady paying long term rent, moved out, and within a week, the neighborhood people had broken in, had a party, broke most of his doors, stolen all his copper and HVAC, etc.

I am trying to help you avoid the traps that all of us have fallen into.Your bravado is wildly misplaced and your biggest problem is that you are ripe for the picking by any guru or JV partner right now because you think you know a lot more than you do and you only want to hear the nice, warm stuff.

Most people are not willing to do this but if you're scrappy you can pay wildly different prices for the exact same thing. 

Thats a shame on the building between the units and wild the 9-unit is only $6400 without the abatement! 

@Richard White I just listened to one of the biggerpockets podcasts and they were interviewing a lady who has just written a book for Biggerpockets on investing in RV Parks.