I know in Oregon loans under 50k are subject to a low interest rate ( anti loan sharking rules)Do you run into usury issues with unsecured notes ? 

I explained that I live in a condo about the same age as the house (65yrs) and I don't use mine for the same reason. 

Age range, income, profession, rental rates, etc?

In 1990, his business partner Robert Lurie passed away at the young age of 48.  

I'm currently a senior at Florida International and at your age I had the same question and went on to pursue a dual degree in Real Estate and Construction Management after having the price leg to consult a couple successful developers, contractors and investors.

{Perhaps it's an age thing}.I agree, and stated above, that you should avoid driving a marginally road worthy jalopy, but something common / middle of the road that is clean and in good repair is a smarter purchase for someone newly starting out. 

It is quite probable that areas in different parts of the City may see properties selling at different CAP rates based upon desirability and risk.You also must remember that CAP is a course indicator of valuation - you would still need to examine the particular deal and make adjustments for age of the property, state of repair and current performance.

It's great to see that you're looking to get a start in real estate investing at such a young age.

Young affluent families that love being in the city center till their first kid hits preschool age and they start looking at the expense of private schools vs. moving to an area with great public schools.

However, the club was not an anti-theft device, it's more a deterrent.