In partnering, I just didn't want to get into an "analysis paralysis" mode trying to analyze a deal while seeking partners but I can see how the benefits can certainly outweigh the risks. 

@Marcin Ferenc  thank you, I have considered that and currently think the pros would outweigh the cons of living next to tenants as long as screened properly.And I think in time will find a great deal here in NJ, hopefully sooner than later!

The good outweighed any negatives for us.

The experience I gained on this one far outweighs the $22,000 reward.

The damages, evictions, vacancies, and other costs associated with a bad tenant will almost always far outweigh any short term gain.Best of luck!

Bad contractors seem to far outweigh the good ones so don't cut corners on vetting them no matter how highly someone else recommends.

Too many "gurus" out there preaching that "tax benefits" out weigh debt.

I can't think of anything on a rehab, or new construction for that matter, that the LABOR doesn't far outweigh the materials.

Again, do a cost analysis and unless you're moving 50+ properties I struggle to see how the benefits outweigh the costs in time and money.I'm not an attorney; I've started several LLCs and run properties in several states; am also a licensed Realtor in two states.

I cant really find a formula or anything that says how much below appraisial value makes it a good deal. it was a lot easier to assess value in a good market, because it seemed like anything below appraisal was worth the investment. however now that the supply out weighs the demand in most areas. i have no idea how to correctly judge value. anyone have any tips, or theories?