I was fine with all these numbers.Then I met with contractors...First, I wanted to add a new bathroom and approximately 450 sq ft of additional living space.

BP also sends an email after the webinar for you to watch a replay if you couldn't watch live, and the code is included there too. 

I also pay my mortgage for the house I live in.

While none of us will be getting our money back he can live well selling off the remaining assets as long as they don't shut him down.

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

I also never lived east of 33rd Ave at that time. 

@Michael Smythe the repairs were never completed while the tenant was living there.

Hey @Jerry Nogueras - I was in your shoes too, born in NYC, and lived between there and Long Island. 

Should I be budgeting significantly more sense people are in and out of the property versus them living in a long time? 

I live in the Milwaukee area and want to get started investing locally but eventually want to branch out into other cities and states.