It seems lately from your posts that you have looked at real estate properties to own,note buying,and now restaurants.I am trying to determine if you are placing money in multiple streams or trying to place money into one type of investment and seeing what fits looking at multiple things.There is a difference between taking say 30,000 of cash and putting all that cash into a restaurant and having 200,000 and putting into multiple things.If the restaurant doesn't work out if it's just a small part of your overall portfolio it is okay.If it is a majority of your cash into that one thing it can be a bad investment if you do not know how to analyze properly.You might want to look at business brokerage.This is where I help people analyze buying the assets of a business.Since you will not want to run it day to day you will be what is called an "absentee owner".Businesses can give a great return when purchased properlyAny specific questions just ask.

You will want to hire a well recommended, licensed and insured property inspector to make sure the property does not have any major problems.The next step is to look very carefully at the income and expenses to make sure that the property will be a good investment.Another protection is to have Title Insurance on the property.

Always have a reserve in place to be able to pay for unexpected repairs as they're sure to surface over time.Even with the unexpected road bumps, I continue to be a huge believer in real estate as a critical component of investment strategy.

,There is a major topic of considering and is looked at on a case by case basis.

Each unit has two bedrooms.The average rent for a two bedroom in the location that I'm buying ranges from $750 to $900.These are my calculation:1st unit - 750 (tenant pay utilities)2nd unit - 850basement - 600 Monthly Income - 2,200Annual Income - 26,400Loan - 20 years at 4.50 %Down Payment - 20%Taxes - 4,100 The building needs some cosmetic repair nothing major so far.

The majority of the investors (landlords/rehabbers) that I've reached out to aren't too "picky" with their prefences i.e.: specific neighborhoods and the level of repairs they'd be willing to make.

The majority of the comments regarding Lancaster and Palmdale have been negative.

Don't see any major structural problems.

I will be sub contracting out the major stuff best left to pros.

Keep Minutes of meetings authorizing members to act in major transactions, such as addressed in the OA.