So I am glad that I was able to leave there with my credit card in my wallet!

If anyone knows someone in the multi-family/apartment building industry, please leave me their contact.

I get lazy and I'm a little bit of an Ebenezer Scrooge miser, counting my gold coins and chuckling, which makes me leave money hanging around in pathetic interest accounts way too long.

The police may or may not assist, probably not.You will then most likely need to evict unless you want to bribe them to leave.   

@Chris Seveney  chris is suggesting a money partner and mostly these are done through syndications were your the sponsor but most investor want to know the sponsor has some skin in the game and is going to be there at the end or if the going gets tough.

When you calculate your cap rate (NOI - net operating income / Purchase Price) do you include your closing costs and initial repairs in your calculation or do you just go with the actual purchase price and leave those costs out?

While that sounds easy enough, that doesn't leave much net profit!

If this last comment puts you off, forget about being a real estate investor, your skin isn't tough enough. 

I'm thinking even if I had to put 20% and about $50k into updates, this still brings in $3100 a month in rent, leaving about $2000 after expenses.  

You want to make it very easy for the tenants to renew early (limits their leverage) and inconvenient to leave.