You can easily be stuck with a massive debt at high interest rates.

If anybody has any advice they can give me, or show me where I led myself in the wrong direction, I'd massively appreciate that! 

It seems to me that this is something that is best to outsource to a professional bookkeeper, considering the amount of time it would take me to learn how to do it at a professional level myself would take massive amount of time.

As I understand it the massive efforts downtown show no signs of slowing down.

We just have some equity in it that will make us break even if we sell.Regarding future value, it is near a city that is expanding massively so I plan an increase in value.

Im not interested in being in debt but want to actually own property outright.My philosophy restricts me immensely but i like the buffet ways of thinking - buy for life unless you have a reason to get rid of it in the future.

In C- or D properties, be very well capitalized just in case you experience the same massive vacancy that we did.

Our original budget was $50,000 but 2 days into demo we found massive termite damage that pushed us to $60,000.

This seems to be a massive job, but in this age/location it’s hard to find good deals (as everyone is aware).

Sounds like for now I am going to have to wait them out.Anyone ever tell you that you have a striking resemblance to Warren Buffet ???