-Precious Metals (Gold/Silver): Insurance-Opportunistic Bridge Notes / Rescue Capital: Clip 6.00-7.00% on the note plus fees on distressed value add multifamily.

I recieved my degree in Mechanical Engineering and am currently (and have been since graduating) working as a Manufacturing Engineer for an industrial metal fabrication company here in South Dakota.

The price was great the cash flow looked good to great but when we went out and physically looked at the property...needed new roof, siding repaired or possibly replaced, scrap metal everywhere and a hand full of other small items, plus area rents were lower than what this place was getting and the buildings around were nothing to write home about.

@Gustavo WoltmannHolding a small (and I mean small) 2-3% of precious metal shares is not a terrible idea.

HVAC units typically last less than 10 years, anything made of metal will corrode, and the salt buildup will require regular cleaning of windows, exterior siding, etc. 

You can find something at every price point imaginablePeople will talk about crime and taxes, but as long as you factor taxes into your numbers and are aware of the areas you are investing you will be fine.We invest all over the city and will continue to keep the pedal to the metal. 

I met all of the other criteria, including income, and I wanted to make sure my rental history started out right! 

The tenant doesn't like using the central air conditioning, which I suppose is great for me (when I'm not there).The first drain I took out this year was made of some sort of cheap base metal and cracked under normal use.

Replace any metal p-traps with PVC p-traps ($4).

That isn't a metal frame and bed in a box.