As I was planning the small renovation that would see the end of the boarding house, I realised the house was serving a clientele not being reached by our other student apartments.We decided to leave it for a year to measure the behaviour / performance and found that it had low vacancy, no defaulted payments, no damage, and the tenants almost always brought us new tenants before they would leave.Just over 2-years in, we are still happy with the house ... it is more work, but it is also more return.

Wealth isn't measured in dollars it is measured in time.

We actually tried that since I was replacing all of the doors with new prehung 6 panel doors anyway and when we took the measurements with everything off I still couldn't find a washer and dryer that would fit through the opening into the basement.

Measures about 2' x 3'I checked Home Depot, and they seem to have parts you can order (the spiral window balance), but they do not carry them in store.That is where there is a problem.

Commercial real estate is measured by the rentable square feet, residential by monthly market rents.  

Your real estate investment net worth divided by passive income is a more accurate measure IMO.I enjoy tracking this stuff though and have both a net worth spreadsheet and a risk spreadsheet that tracks my portfolio's cash profit, LTV and risk if rents should drop.

Because unfortunately it has become a term that has become adopted by so many and the standard for measuring the return on a cash purchase.

What measures do you employ to mitigate unforeseen costly repairs, who do you include in your must come and inspect list (fire Marshall, roofer, architect, plumber, etc)? 

I am buying all in cash and under the same llc which I purchased my first unit under.Well so far I have had to get for them:1 An official certified copy of my articles of organization (had to order from Ny state DOC for $35) as my copy didn't have the filling number ON it.2 Proof of publication for my llc.3 Operating agreement of my llc4 For good measure a notarized resolution that I am authorized to make the transaction on behalf of my llc since in the operating agreement it wasn't "transaction specific enough".

Taxes are a measurement of how successful you are.