On the other hand, it's a huge time drain and can be a real day killer.

So If i was looking for a buy/hold strategy with a hard money and did it for five years it would prob wouldnt be a very good roi unless i got a killer deal right?

Well that didn't sit to well with me, so I called an old biker friend that lived in the same town as this idiot, and he and a few friends went over to have a talk with the future killer.My friend called laughing and said the guy actually did **** his pants when they surrounded him, and then the killer explained he was the new tenant with a sweetheart deal and didn't want anyone buying the house and screwing up his great deal, so he wanted to scare me off, he really didn't mean the threat.

I am flexible enough to take into consideration borrower's history with me, the location of the property, the amount of equity if the borrower got a killer deal.

That's to make up for the "school of hard knocks" lessons you're going to have to learn.The busy street, IMHO, is a killer.

For example, when you have full access like the Realtors do, you can get combinations and access to security system codes, which is not a good thing if you are a pedophile or a serial killer. :-)

But wow, some mineral oil to bring out the little highlights, and you've got a killer backsplash for about $1.25/sq ft.

This is your killer right here:"So if 1 tenant is needed on each side per year, which I feel might be realistic for this property, thats $950 plus $1140,"Buy  and hold does not work with that kind of turnover. 

Yes cash flow is "high" but vacancy and turnover is killer along with rehabbing after the tenants moves out.

But, when you get it, you can get yourself a killer deal.Hope this helps.