I forgot to mention in the above post that they are all 1 bed 1 bath units. 

(Not to mention 2% inflation expense every year.)The real question becomes, will tenants go through the hassle of moving due to a 2 - 5% rent hike?

I have always had a small group of people because my goals are not even fathomable to people my age.  

Hope to see all of you there.If you have specific concerns or topical points, related to this subject, that you want mentioned at the Council meeting, please email them directly to me so I collect them in preparing my script.

And is this the Total that I heard someone mention that the Closing Costs on a HML they aquired was $6,000 on an All-In cost of $100,000 So did this $6,000 likely include all the Points and Interest Rate via the HML ?

I didn't mention to the seller about being on the title.

Like I mentioned before we enjoy projects and in the area we live in are several places that need some TLC to shine.

As mentioned above, Quest IRA is a great company to work with.

If you're in the area this evening, the monthly meetup that @Adam Schneider mentioned is actually tonight at Mellow Mushroom in downtown Raleigh from 6-8 PM.

This property seems ripe for a value play, but I agree with what's already been mentioned--hard to tell if the current price makes it a good deal.