The liability of a day care could destroy you in the event something happens and things do happen.

It is that simple.So the question is who will be destroyed in the next crash?

I have seen 2 million dollar refrigeration systems destroyed in less then 15 years due to no maintenance.

In terms of which to go with I think some pros for condos is lower cost of capital as a barrier to entry, lower cost means lower risk on your first deal, most condos include heat and hot water with the fee and that results in a less complex assignment to you as the property manager (assuming you will manage your own), I think condos fell hard and fast in the crisis and are an asset that may outperform early in this recovery (my speculation).Cons - condo fees destroy cash flow in my opinion, when I run numbers on condos those fees just kill the returns, HOAs and condo associations generally stink, there are adjustments where they can hit you up out of the blue for stuff like a new roof, that's a risk that could kill years of earnings out of nowhere.

Your first deal is your hardest, so its good to get it out of the way, but get educated enough so you don't completely destroy yourself on the first one.Deals are everywhere in every market.

However I do stand by one thing I said and that is that you should never tell someone that something someone else believes in cannot be acheived, because you then have the power to destroy all the hope and probably the chances of that person ever getting there.Words are powerful, so we should choose them carefuly, I am hoping I didn't offend anyone, if I did, I apologize...And thanks again for the feedback, I will be taking all your advice to reannalyze my plans.. the goal stands!.

You do not want these tenants continuing to destroy the property.

4) zillow comps are way off and even in decent condition you lose 10k+5) zillow comps are way off and it's destroyed you lose a lot

Speaking in broad terms, tenants are too stupid to be moving their own appliances in and out of properties without destroying everything in their path.

Everyone lost their income and everyone's credit was destroyed.