In my first two months, I kicked out four tenants, another left, and a sixth one had a stroke and was moved out by family.I've been renovating them on the interior and bumping rents up.

Since I had a brain annurism and a stroke almost 6 years ago and still cannot walk but I am exercising and am planning on walking again.  

So many of your calculations for long-term expenses are guesses, that if you're only getting $100-200 per unit, one stroke of bad luck wipes out your profit for a year or two.

When I had a brain anuerism and a stroke at age 54 it was totally unexpected even though I was scheduled to fix the brain anuerism two days later.  

I do buy 10 year policies for construction defect and these are costly... 25 to 50k each.. cash up front.. but I get 10 years of 1 to 2 mil.. protection on 8 million dollars worth of homes.. so per home and per year not bad.. you just need to stroke the check up front. this is if you had like a LP siding issue or all your windows went bad in the subdivision.. and the money is basically to hire lawyers to protect yourself.

your woefully undercapitalized to take on such an endevour.. find a money partner.real estate is no different than any small business.. many fail and those that are undercapitalized at the outset fail in a much greater frequency.and yes 15 caps have HUGE risk... and are appropriate for those that can stroke a check for them

One of those reasons is that I am still medically recovering from a brain anuerism and a stroke I had a few years ago.  

depends on what you want to do with it.. if its a rental just stroke a check and buy it without title insurance and keep it forever.if your going to flip it get your cash together show up at the auction and buy it.. the foreclosure will clean up the title.. that's probably the best thingwe run into title issue all the time out in SC for the exact same reasons... messy personal lives and not following the rules of real estate and probates.. mucks up a lot of property.

I had a brain anuerism and a stroke at age 54 and have been told by my Doctor about how good I was doing but thanks to a Chiropracter told me to get an MRI on my head and I was scheduled for head surgery that was 2 days before I was scheduled for that corrective surgery.  

I have been on this site for about 18 months 8 to 10 hours a day, 7 days a week while I am medically recovering from a brain annurism and a stroke I had at age 54.