How will you like screening tenants 2x your age?

The re-positioning plan will be specific to your strategy and property, particularly the pace that you want to realize the value for future deals and your debt structure.Regarding the test scenario, if it works, the $50-75/mo incremental increase will certainly justify the rehab cost you mentioned at most any market cap.  

I was talking to a real estate agent and he mentioned that if I list the true square footage I could be raising some red flags.

We are fairly young and have 2 children under the age of 4 so we are hesitating to go all in.

They mention that each loan is "personally guaranteed" however I do not see how that is helping me as an investor.

First, there is an upside and downside to investing in condos that many have mentioned: Upside: HOA fee is tax deductible and some expenses such as garbage, sewage, water, landscaping are rolled into it.

Stephen Zipp You mentioned a loan of $70k.

I just keep hearing people say that the age of the roof is important when you buy a house because you're going to have to replace it sometime. 

I am a very driven individual having gone to a collegiate high school where I earned my Associates degree by age 18.

I think people who've been doing this a long time look for 12-15%.I would suggest paying close attention to the inspection, especially with the big ticket items that Brandon talks about in that webinar I mentioned in the last post.