That's crazy mang.Now, local businesses are being replaced by health bars, coffee shops, breweries and boutique shops.

This is the reason why LMR is collected to prevent tenants from stiffing a landlord at the last minute.If you can find a replacement tenant for the first of September you can refund her LMR otherwise she is responsible for September rent.

Most are 47x65 because as soon as we replace an upper window we are required to provide 2nd floor egress.In fact I grabbed 2 SOR Pella 87x54 picture windows (orig. $1198 each) for our lake house for $150 each delivered.

In other words, while it's popular as hell just to use % of the topline to represent costs, most costs are actually fixed dollar amounts.Fir instance, replacing a water heater in a $900 rental costs the same thing as it does in a $500 rental.

If I have to add replacing the panel and possibly the service wire, it again becomes cost prohibitive. 

He really excels at finding cost-effective band-aid solutions where others might have just torn out and replaced.

As for real estate in my 401K, I guess my biggest issue is that my goal is to replace my current income with passive income via real estate and I am on a 6 year plan to retire.   

So if your plans differ significantly from what it was originally planned the infrastructure will need to be modified.You should asses the current condition, you can hire a civil engineer to go out and take a look at the pipes, stub out locations, grading, etc.

@Josue Godoy This is a loaded question- If you are planning on being very specialized in a single area it would make sense to go one way or another...this is an oversimplification, but the point is to be diverse enough that you can process any type of deal...for example, really focus on an area you like well...like flipping, but learn how to hold properties as well, and whatever else you want to learn...as you grow, you'll be receiving many leads from different sources...and the point of this rationale is that you should have enough tools in your toolbelt to put your deals in a "best use" funnel...then profit on the other side.I'm only adopting this position because you are so young and have so much time in the industry to elect to pursue and specialize in one strategy.The simple answer is related to your goals...assuming you want passive income to replace your W2 means that you will need to buy and hold properties...similarly, if you start flipping properties, you're creating another job for yourself and creating a liability.

It made it easier for us to evict the bad tenants without having to find replacement tenants for the entire apartment AND you can increase profits through "by the bedroom" rent.