I did attend the Austin Real Estate Networking Club meeting last week, which was interesting but ultimately a little too sales-pitchy and too large/impersonal for my tastes.  

Furthermore, if the issue is vacancy, they claimed that the property would be protected while vacant (up to 6 months).So yes, I agree if the recipe calls for apples, I shouldn't use a watermelon, but what if watermelon just coincidentally in their dialect happens to look, taste, smell and bake just like an apple...it just happens to be twice as large for the same price?

In spite of the sour taste, do read Bill's second point because he does explain a.) why his first post was a bit cryptic and b.) why he believes what you propose is illegal (as written).  

Everyone here has different tolerance.Personally, my most recent investment is in Jersey City Heights, which has the right balance for my taste, which is long term B&H value in a gentrifying area.

John - I didn't know he started Patron...No wonder the silver tastes like a hair care product.

I have terrible taste!

Kinda test out the waters first and see if I have a taste for it while making it much easier for me to pay off the mortgage on my first house.  

Obviously get no takers, then a week later offer it again at a reduced price, then again, and again....leaves a bad taste in my mouth.

But that left a good "taste in my mouth" for real estate, as the equity I ended up cashing out with was pretty good, even with doing everything retail.

I already have a management company in place in Cincinnati, too, so if I bought more investment property it would be out there, here in Seattle the market is too competitive, inventory is too low, and too expensive for my taste.