When issues came up and I was losing sleep at night it was really nice to be able to drive to the property to help mitigate problems. 

I stay away from offerings with a higher minimum because it's more money than I want to lose if something goes wrong.In exchange for advertising a 506(c) offering, I believe you have to verify accreditation.

They state that the treatment last used (one building 1992 and other 1996) is losing effectiveness.

why not hold onto it through the recession and break even or lose a little bit each month instead of losing thousands?

So you could bill tenants at $6.24 per unit.The other crummy way the County bills for water:  there is no online portal for bill retrieval and if you lose a bill you must contact the city to request a water billing history. 

We ask for 30 days and they lose their security.

And most likely they would lose their license. 

There's nothing worse than losing a smokin' hot deal because your funding took too long or failed entirely.Make sure you find an investor-friendly mortgage broker/banker who will talk straight and deliver under pressure.

I'm personally comfortable keeping them at 70-75% leverage, so if the market tanks and loses 30% I'm still able to sell the property.

. ;-) I've always had the attitude that I can always make back my wealth but I can't afford to lose a good wife.