For example :-The type that insisted on going to the out of state liberal arts school and racked up $150,000 in student loan debt while acquiring their degree in English literature-Your neighbor that have two $40,000+ new cars in the driveway while saying it is way to risky to invest in real estate because you could lose money-Your friends that time boasting about all their 0% financing on their furniture then forget to pay the balance offPeople on BP tend not to be in these categories.    

You don't want to use the same underwriting for this property as you do for your other deals because this property is much older, thus you have to be very "liberal" with your cap ex and maintenance.I am curious to see what other members have to say about this deal.  

JaredThank you for your follow up I was able to find 2 lenders in florida one is more liberal than the other.  

Look for a college with a strong liberal arts base—one that teaches thinking and expression; one that gives as much time to wrestling with ideas and questions that matter as it does to teaching you how to be a cog in society.

The Art of Picking a Good Tenant

Don't get me wrong, we have very intelligent children, one has his Le Cordon Bleu Certificate along with his AA in Culinary Arts.

I put the art before the horse a bit yesterday and posted an ad for help on craigslist, luckily I've gotten quite a few with research experience but at this rate I anticipate getting more that don't have a researchers skillset.

Study the art of sales and negotiation, the skills that seem to get overlooked when people come from other professions.

R Street Redevelopment http://www.sacbee.com/news/local/news-columns-blog...Some other pluses: Midtown is laid out on a grid system with much of the restaurants, microbrews, art studios, yoga classes, coffee shops located on the center main streets (J,K,L), which means all of the surrounding residences have phenomenal walk scores. 

You'll likely want to pick an area that either targets a specific niche (think Arts District for culture travelers or Financial District for business travelers) or pick the tourist/convention centers such as South Park, near Staples Center.There are a lot of hotels planned Downtown and that are coming online and under construction make sure you understand hotel rates and have a value proposition to set you apart.best of luck!