I'm pretty excited about getting started and trying to read as much as I can for additional ideas and tips for maximizing performance of properties.Ben Leybovich I do think it offers more flexibility than single families if I ever decide to relocate (warmer weather is the dream) but retain the properties in terms of hiring a property management company.

I think there has been some confusion in terms of which avenue is better.

Much better in terms of potential water damage, and the cost is really no different than the particle board cabinets.  

How much does this cost in terms of fees from the city (ballpark)?

------------------------------------------------------UPDATE In terms of future plan:Graduate school --> College (Real Estate Marketing 2years) --> Real Estate agentBanking-wise: Saving 90% of my income ((aiming for $10K+/year))Learning Real Estate Investing: Reading books, video, and meeting and networking with some real life investor.

Think of an LLC in terms of asset protection.

Vacant property comes to mind, but I think you're trying to get us to think more in terms of 'no work from tenants' or something, right?

Some articles offer insight to some situations that the Baby Boomer generation will bring.First, an article from realestate.about.com describes the Boomers in terms of a real estate marketing niche.

How does your property compare in terms of rent to the other properties?

This site has changed my life in terms of education and experience.