The fact is,  regardless of how biased we may be one way or the other...dog vs. no dog,  pot bulls vs.

That and the fact that you can pay all cash and close quick has to be a huge differentiator in getting the deals or not.But most of us don't have 800k that we can throw in the pot.

Great beer, cool bars and restaurants, decent art scene, all the major sports teams, friendly people, hip neighborhoods galore, legal pot, 300 days of summer and oh, the mountains are right there.

Several weeks went by and I asked my agent to follow up (another long story, but the net is I fired that agent).

With high gas prices, many of the managers I know are seeing their margins slim down even more.If you're trying to build up a cash pot to start investing with, I'd recommend you look at wholesaling instead.

If your not getting them at a discount then why by all 5 from the bank.So I did a quick pro forma on purchasing all 5 units @ 30k each, rent of 600 each and used your taxes and insurance numbers, and this is what I get.There is $0 in rehab cost figured, but I'd buy this deal assuming the numbers are accurate.As you can see the Debt Service Ratio is 1.7, I look for a min of 1.20 Monthly net is $512 Again i am not familiar with Condo rules and BS but this would be a buy for me assuming location and desirability is there.

Hi David,Thanks for responding.As far as the 1031, it is not all profit and these are rentals that I have held longer than 1 yr so it will be capital gains on the net.  I

Ive also realized that warranties become tough to work with when going through a distributor like Lowrs because there are so many hands in the pot that its hard to put blame on any one company.

Triple net locations if you buy right are easily re-rentable again in case of default.The buildings that are hard to rent are ones that if that tenant left the place would need to be restructured at a high cost to work again.Think Sonic drive thru where the car pulls up,etc.The other benefit of triple net is you can put less down because the lender sees less risk for a corporate rated tenant with strong financials.You can drive more yield with multifamily BUT you will work very hard to get it.In your case I would look at triple net.If you buy rentals and put the wrong manager in then it becomes YOUR problem.Your wife won't be happy and the INVESTMENT will become a core distraction from your main money earner.You asked for our opinions and this is just mine.

I didn't even mention some of the fan favorites like Pequod's, and there is even a deep dish pizza pot pie in Lincoln Park!