Just to make things even more interesting, it was completely gutted down to the studs and came with a squatter that had to be forcefully removed by the police (via shattering a glass patio door).

Just to make things even more interesting, it was completely gutted down to the studs and came with a squatter that had to be forcefully removed by the police (via shattering a glass patio door).

I Did a complete rehab on the 7 unit within the last two years, forcing much of the appreciation.

at this point im not sure what repairs would eb needed, however we do plan on a "buy and hold" and "value add" strategy renovating each unit as the units become vacant and refinance based off of the forced appreciation.I'd shoot for closer to 8-10% on vacancy. 

I would certainly make sure you did environmental due diligence including having the sellers sign an environmental questionnaire indicating whether they know of any environmental concerns.I have seen environmental contamination from gas stations go under major interstates and impact properties several hundred feet away.

Able to obtain conventional financing, cash flowing with added opportunity to add value and force appreciation.

Appreciation potential is difficult unless you are forcing the appreciation through fixing and updating.

Once a tenant falls behind in rent ultimately you will be forced to evict and will lose money. 

By investing in yourself and attending in these conferences you force yourself out of your comfort zone and help mitigate paralysis of analysis.

Lesson learned is that you should always be sure of what coverage you need because it could have a major impact on your cash flow.