The FAA guidance requires a private pilot's license, a class two medical certificate, a spotter, flying no closer than 500' from a building or people, getting prior approval of all flights from 3 to 1 days prior to flight, etc.  

RE isn't an exercise machine, if they have enough sense to be "affluent" (LOL) they can make a decision.

https://www.redfin.com/CA/Los-Angeles/608-E-23rd-S...Here's the calculations: https://docs.google.com/spreadsheets/d/13ieez4soHg...I just kind of did this as an exercise to test my analytical skills and see if other more savvy investors think that I'm calculating things correctly. 

But with the assumption that you have already gone through that exercise and you are asking the forum knowing the answers, then I believe you really need to look at what Chris is pointing out.If the numbers work well on both the buildings and they both cash flow, but at different levels, then you really need to ask yourself how comfortable you are with the "bad area". 

I have worked full-time in medical sales for the past 3 years and my fiancé has worked full-time as a realtor.  

I'll have to add this exercise to my buying criteria!

People in the medical profession often are a good source of private money.Two Great reads, I bought both J.

However, lenders must exercise caution when considering retirement accounts as effective reserves because these accounts often•are in the form of stocks, bonds, or mutual funds;•feature significant penalties for early withdrawals;•allow limited access; or•have vesting requirements.If the retirement assets are in the form of stocks, bonds, or mutual funds, in order to be considered for reserves, the account must be discounted by 30% to account for market volatility.

I have "won" an auction, after the bidding exceeded reserve, only to be told days later that they were exercising their unilateral right to cancel the bidding and void the deal, found in mountain of documents I was required to sign to participate, unless I agreed to a significant price increase.

If IRS does not exercise its redemption right within the 120 days it will automatically expire.