I walked this property about a month ago when it was full of trash.

The principal wants 100k to walk.

Imagine my surprise as I walk up to this structure, thank god I was "awake" enough to be able to notice this beautiful piece of Architecture:The enigma that was Roark hopped out at me in real life in the form of his temple, in reality it was designed by Frank Lloyd Wright.

The masses are like people all hoarded together walking in circles with blinders on when their eyes open occasionally when they think they find the one thing to get them too easy street.

Would it be worth it to invest in a less expensive unit just outside of the strip or is having a place within walking distance the biggest appeal?

@Dennis GallagherAs for the 50% Rule (where your expenses equal about 50% of your revenue) - I might argue that the flaw in the theory is you will walk away from many great wealth building opportunities just because it doesn’t meet the formula.

Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

The note investor who thought that after the debtor was late with a payment he could just walk in and take possession/ownership of the property without foreclosure proceedings3.

Worse case is I do not learn anything, wasted 72hours and just walk away with the knowledge to know better in future.

Then the buyer walked because he actually didn't have his financing lined up so it was all a game.