Really just looking for food for thought for an investor approaching this point in his/her portfolio life.

It’s ok to brag about using food stamps.

Plus, he only charged my mom beer, food, and $200 for all of it in terms of labor.

Yeah Johnny the number one thing I see with apartment sellers is they buy something brand new or in fairly great shape.Then as the years go by they do the bare minimum and hoard the cash and show little expenses thereby showing an unrealistic cash flow.They might have made the great cash flow but at the detriment of deferred maintenance and upkeep of the building.There is a cost to that when they go to sell.They either have to put the money in for repairs and improvements before listing or expect a lower sales price.Some also self-manage but many buyers will not so right off the top to 80% of your buyers the property will be overpriced.Unless the buyer is paying all cash any lender will take the sellers financial documents with a grain of salt.The lender if they have to foreclose will run it from far away until it sells.This means they will not run it like a local operator.This means the lender for the buyer will add in management fees,landscaping,pest control,accounting,advertising fees per door,standard vacancy for the area etc.

They've got three cats and two litter boxes, and the entire unit stinks of litter -- they've also got food and dishes everywhere, and huge piles of dirty clothes everywhere.This is a nice, fairly high-end apartment in a not-so-great area, it should stand out as being nicer than the surrounding apartments.

Looking at any area of Johnson County, and Jackson County (Lee Summit, Blue Springs, Grain Valley, etc) on the Missouri side.

All of my clients are buying commercial properties up as much as possible.Yes poverty is at a highest level in 40 years or something like that in an article I read recently.The middle class is going non-existent.You will have the wealthy people and then the poor people.It has been trending this way for the last few decades.The people that do have money see this as an amazing time to grow their wealth even further and solidify future generational wealth for their families.How you view the world right now depends on which end of the stick you are on.I do not want to get political either.There are some wealthy people that say poor people should just deal with it and the wealthy shouldn't be taxed higher to subsidize government programs.The other side says if people are poor and get no food,assistance from the government then they have nothing to live for and crime and anarchy will break out.

Goodwill...provide gift card for replacement food.  

, so take this with the appropriate size grain of salt.

(I guess they wanted me to pay for their food too...)Anyhow, I hired Attorney, and did Discovery, Which the tenants Admitted not paying rent, and provided Receipts of their fixing up...