Secondly, many condo associations are run poorly and have little in the way of financial reserves, so unexpected repairs, maintenance, or upgrades could translate into surprise special assessments that will gobble up your profits.Flipping off-market properties is a sound strategy, but it requires serious marketing effort.

Make sure you keep emotion out of the decision.  

When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions.

So far, it's been a good decision in that I've been able to learn landlord basics, how to do a cosmetic rehab, and live extremely cheaply.

When I made a decision to help others, I realized people wanted more doing than reading.

What I do know: Privately ownedLast sold at over $600,000 in 2015Last assessment: 2016 at $128,752.1287Classification 2-09Tons of violations for poor upkeep Rat investationPoor lawn maitenanceTons of trash(doesn't seem like an issue at this time... no rats seen on the way to work)What I would like to know: Would this be worth tearing down?

I am willing to bet more than half of us are here because of Rich Dad, Poor Dad.

It all began with Rich dad, poor Dad book, then a bunch of books by Dave Ramsey & Darren Hardy about a year ago.

@Glenn Gayet congrats on your decision to leave Boonton and move to Denver!

So far, it's been a good decision in that I've been able to learn landlord basics, how to do a cosmetic rehab, and live extremely cheaply.