I still think of it as the "old people, fuddy duddy" apartment complex...right down to the independently owned beauty parlor and café on the first floor (very unusual for my area).The building itself even looks a bit "grandma"...elegant and in great condition, but a bit dated and old fashioned, with heavy Italianate type of architectural features.  

This formula of buying what's out of fashion coupled with fundamental analysis and finally taking a leap of faith is what I follow.

There may come a time when you simply want everything paid off and ride that retirement train, but 3 houses won't cut it IMHO.Depending on your location, you may want to start considering Multi-Family properties, Office Buildings or re-purpose some Retail space based on your location's City Plan.

Pensions, social security, and other old fashion benefits are going away. 

Most property is depreciated in a straight line fashion, therefore we are not particularly concerned about additional depreciation above and beyond the allowed amount. 

Ride that out for a while, sell stuff, live frugally, and paydown that mortgage, (strive to become the "millionaire next door", google if you're not familiar with that term.) 

Haven't read the book yet, but I've listened to all the BP podcasts and the guys do a great job gathering info and relaying it in an easy to digest for beginners fashion.

No cost, no sales pitch..just good old fashioned networking.  

Not old appraisals, just good old fashioned SOLD comparables within the past six months.3.  

@Russell Chin  and @Aaron Montague , here are the #'s:Motivated seller will list house for 377.5KPlan to offer $350KTaxes @ 4800Insurance @20002 unit on the bus line in Houghs Neck - easy 10 min ride to Quincy Center.Unit 1: 2 bed / 2 bath very spacious.