If one of those guys gets crippled falling off your roof, and he doesn't have disability insurance, guess who gets to support him and his family for the rest of his life?

t and that I kicked them out and ruined their life.

sorry TC, was more curiousity than anything else. just looking to see what someone else considers a borderline neighborhood, in streets that i know so to speak.as i said, after working in an off neighborhood and spending my young life near one, blue collar is fine with me, no collar is not.

And even at that it took over a year to get my life back to "normal".cash

So $118.5K on $400K is about 29% AVERAGE.The 15.3% is NOT a "tax on dealers", it's both sides (employee and employer) of Social Security and Medicare EVERYONE who is self-employed, like me for most of my working life, pays this.

The rent it brings is about $1200 /moIn loosing this income there is the potential that it might domino to other parts of my life, including my current residence, SO I AM REALLY LOOKING FOR A FINANCIAL ANGEL TO HELP OUT HEREThe thing that seems to be a concern is that it is built about 50 yrs ago.

At least you can estimatete life and save up for them------ although I did have a tenant's kids get up on a roof and pull off the shingles, chop holes in the roof deck, and spray paint grafitti.

It all depends on what kind of job, life, and skills you prefer.

I could use that money in this down market to make some great investments on additional rental properties and have a much more comfortable life in the long run.

He has basically written a diary of what his life is like as a landlord.