While everyone jokingly kept telling us that “we had our work cut out for us,” I was confident in our ability to turn this from a diamond in the rough into a beautiful home.

However, I've been visiting SLC at least once a year for the past several years to enjoy the beautiful slopes and have started to explore the investing opportunities here.

I have a beautiful new home, am debt free, and still "play" in real estate.

We were showing off the completely renovated basement that is beautiful and our lovely pug named Baxter takes a big old poop right beside her while spinning in a circle. 

The beauty of this, is you are in the drivers seat.  

Purchase price: $860,000 Cash invested: $20,000 Sale price: $975,000 Purchased near the Pacific Ocean, beautiful view but outdated home.

Savvy investors would seek them out before they kit the market.The beauty of renting to college students is that you can charge per room instead of per unit. 

There are beautiful row houses and brownstones around some promising, transitioning neighborhoods in Baltimore (Reservoir Hills, Hollins Market, Waverly) that fit the requirements for the loan.

Charlotte, NC is beautiful.

Finally, both had slate roofing - which I actually think is beautiful and can be quite durable...but on the multi-family, I had a problem with insurance (can tell you more about that privately if you have slate roof, and also, there are fewer qualified roofers that work on slate).In short, it sounds like you are pretty far into this deal so I don't intend to scare you - in fact, I like old houses and would buy again as investment, just with more caution.