This became a favorite because not only could we make enough rent easily, if we put in a medium amount of work we were likely to be able to sell it for a profit... eventually.

It's a sleepy part of Albany where I don't expect major changes to occur in the near to medium term.Waterford is a very interesting place- I've had good luck there, though the local government is a little more interesting than I'd like it to be.

I think there are plenty of places to achieve that happy medium, especially if you are the sort of person who doesn't have to live in an ultra-hip part of the country for either professional or preferential reasons.30 was my "retirement" goal, but I've amended it to "as soon as practical" :) For me, that is $30k+ yearly "passive" cashflow, since I can personally live on that and remove the necessity for a conventional job. 

I think we will split up responsibilities with initially me doing rent collection, book keeping and other "administrative" duties while he takes care of calls and maintenance etc and sure we will end up finding a happy medium as far as work load goes and this will let us learn together.

Or you can pick a happy medium.

Looking for a photographer in St Pete FL to get some pics for my furnished medium term rental.

I am looking at a historic property, about 25,000 SF in a CBD in a small/medium east coast city.

The correct question (I just wrote about this on the blog in this article the other day) is:Am I financially and mentally prepared such that a real estate investment will improve my current and long-term financial position TODAY, regardless of short-medium term future market conditions?

@Juan Vargas @Omar Khan I'm aware that the 203k is for residential which is why I said LIKE a 203k......it would be awesome if 1 day (hopefully soon) there was a loan for mid sized multiunit properties or perhaps an extension to the mixed use 203k (small residential and commercial combined)  where you could house hack and reap the benefits that come along with it.....in the mean time (I'm really hoping this pops up some day LOL) I'll check out the banks.......do either of your recommend any bank in particular that is medium size multi unit friendly?

The drums work well and do a lot of work quickly, but they are VERY easy to leave drum-width dips in the wood floor.