Yes, of course pretty risky however if you are saying it will cost $15k max to reno a condo.. there is no way I can lose.

Thanks - we have not secured financing yet....right now we're trying to figure out if we should secure on our own (wife and I) or secure through the LLC.Our worry is closing on this home and then losing the ability to purchase a home where we move (or the interest rate becoming jacked up due to that potentially being a "2nd home" in the lenders eyes.)

Plus you lose the luster of being in a named neighborhood.Triplex: These are super rare, and it's really going to depend on how it's laid out, size of units, etc.Fourplex: Most of the time these are two duplexes stacked on top of each other, and often they are surrounded by other fourplexes.

I have seen many stores going out of business and that technology has taken or will take physicality of having a store is losing  out over the Internet retail stores and I think that will continue. 

Yes you could lose your money, but you can't lose more than you put in with most good deals.Keep looking, sounds like you are on track.

Don’t lose sight of the long-term by focusing too much on the short-term tenant issue. 

If you try a one month lease they can argue that they are only tenants at will and then you lose almost all your rights.

I personally wouldn't attend it, but if you can just do the day or two class and not give into temptation to pay for the "full course" than I guess you really have nothing to lose.

Doing business with friends is often a good way to lose friends! 

That happened in the crash because EVERYONE was short selling and banks were losing their butts.