Matt,I agree with Ryan that starting with a smaller deal to gain experience would be a good idea.In my experience, sellers often grossly distort the truth about the NOI, so you will need to verify that.

If you've got a big pile of extra money, then I think buying some gold is a great idea.

Time to be extra cautious, imo.

I've been in her suite and truthfully I could even hear our cat walking around upstairs.

You could work an extra job (or extra hours at your job) to make some money.

No...there are labor costs in the tearoff (most physically demanding part of the job) and the upfront costs of the ordered shingles that are delivered on-site at your property in addition to dumpster rental that is charged at a higher rate because the weight of shingles only allow 1/2 a dumpster to be filled and the costs of laying down the tar paper immediately after the tearoff is complete as you can not just leave sheathing exposed to the elements while you wait for the next check.With 1/3 upfront, the truth is the contractor is out of pocket by day 2.

I tend to lean towards them having some truth to them as well.Rumor is that Mark Cuban had submitted the best offer to buy the Chicago Cubs.

America was built on Truth, Honesty and Faith.

You'll have extra maintenance and a lot of vacancies due to summers and drop outs.

& to tell you the truth I was wondering what kind of a response I would get from that post.Hence I spent some time considering what I said over the holiday.In my personal opinion in this day & age with so much of our economy based on emerging technologies & securities.