Tying up large sums of cash into a single property can cost you opportunities for future deals.

I live in Bellevue and plan on attending to just watch and learn the process in the hopes of participating next year, when I have some money that I wouldn't mind being tied up.

If I was in your shoes, I'd learn a few things on first one then hire a pm. 20-30 units, your phone will ring non stop and burn you out.

Most of Chicago buildings share a drain stack (the kitchen and bathroom are back to back) and the W/D needs to tie into that. 

Hard questions to decide when the shoe is on the "Other Foot "The other question to ask is : Do I look for a home in Florida ?

Your money may end up tied up in the property for a period of time, but the chances of you losing all your money that you invest are slim.

I felt like a failure on my last project, and all of the catastrophies left me waiting for the other shoe to drop.

Nick, I am not sure if I understood you correctly, but setting up an entity in NV or WY makes sense for a lot of businesses that are not tied to a specific location.

Well so far I have one deal tied up from my mailings.

Had to hold the property too.If you deal with the elderly, you'll get this, they may not really be hoarders as we think of them, but going through the depression meant you didn't through away a piece of sting that could be used for a shoe lace.