PattiThanks so much for the information about the utilities that definitely changes the deal.Question do you find that it is beneficial to equip your homes with energy saving devices.

Most people don't have the time, energy, know-how or connections to build a team out of state in a time efficient manner, but they can run numbers and interview companies! 

Figure out how he wants to burn that bridge.

If you have the time and energy to do so, build your own team in the location that you want to invest in.

As for me, I have a lot of energy and I'm good at solving problems.

The city has been burned before when individuals have large amounts of property (such as my friend).

Once you understand this, you start to see why it is so much more important to understand the condition of the property.New investors spend a great deal of time and energy to worry about rents and if they are $50 more or less, but turn a completley black eye to the roof, that has only 5 years left and will take $10,000 to replace (not to mention all the other items).Generally sellers don't discount their dated properties enough to reflect the condition of major components.

@Cassidy Burns, the rule of thumb that I've heard from very experienced large MFR investors (100-200+ units) is one person on staff for every 50 units.

NEW BAMBOO FLOORING THRUOUT MAIN LEVEL, NEW SMOOTH CEILINGS, NEW ENERGY EFFICIENT DBL PANE WINDOWS, NEW ROOF, KIT & LAUNDRY CABINETS FRESHLY PAINTED NEW GRANITE IN KIT & BATHS, NEW STAINLESS APP.

NEW BAMBOO FLOORING THRUOUT MAIN LEVEL, NEW SMOOTH CEILINGS, NEW ENERGY EFFICIENT DBL PANE WINDOWS, NEW ROOF, KIT & LAUNDRY CABINETS FRESHLY PAINTED NEW GRANITE IN KIT & BATHS, NEW STAINLESS APP.