Is there going to be breakfast/snacks to eat at those times our will be need to have eaten before then?

Commercial real estate is very lucrative, but the costs (due diligence, carry costs, closing costs) can eat you alive.

I'm trying to maximize my experience & would like to eat with at least one new person at every meal.

Eating cheaply or at fun places will be no problem.

I was out eating dinner and lost track if time.

If the tenant has to pay the money you better believe they will tell you about it.The tenant also lets their buddies come over to wash their cars,the tenants takes extra long showers,and also lets friends come over and run the washer and dryer constantly because their friends do not have a place to do clothes themselves.I have also seen on a building before where the rent included the power bill.A tenant had the A/C on with setting at 60 and a blanket on themselves because they were cold.So long story short you want the tenant to bare the burden of all utilities.Trash can be included with apartments as that is simple.Utilities can eat a landlords cash flow ALIVE.

I noticed that while everyone was warning you about high taxes and how they eat through you cash-flow no mentioned for you to be equally careful of condos or anything that has a HOA attached to it.HOA fees can kill cash-flow with brutal results.Bottom line... make sure your purchase price will support the cash-flow you need given the high operational costs you are sure to experience.Best of luck!

This property is probably available at such a low price because someone else could not afford the rehab. your estimate seems low considering a new roof alone with full tare down can eat up a significant part of your budget.

Municipalities, government can partner with larger players and together can eat your lunch....meaning make things so difficult that you can't conduct business and you will be swallowed up like you are doing at the firesales.

In my world, a property that looks pretty turn key could end up eating 5K.