i think it's great to set goals, but it's better to analyze and reflect on the past year's goals...anyone can say, "i want to buy a skyscraper"...lol, but what'd you do to get you there??

Do you think there results actually reflect the true picture?

I also made the mistake of assuming that past prices (i.e. comps) would reflect future prices.

Well, to be honest, we were in desperate straights when we moved in and the place reflects that - the whole used needles in the back yard and drug cooking spoons was just the tip of the iceberg, but this is irrelevant to the current situation I believe.I've explained the costs to her, and I gave her a full listing of the cost of rent, utilities, etc, and told her I was willing to wait until she could find a place she could afford to move out - but she's insistent.

No only do I want to know that I can support my properties without rental income (if neccessary), I also want the ability to have my sale decisions reflect favorable market conditions and not a financial "motivation" on my part.

However, usually when something goes wrong, you will see that the risk reflects the return as with anyother investment.Remember too, that in real estate investments managers are not held to the standard of say, stock brokers or your CPA.

I priced it to reflect it needing a new kitchen and updated baths, etc.

Whatever reason for the 50% vacancy, this is a distressed property and the price should reflect performance achieved, not performance AS IF you were able to pull off what the previous owner couldn't.Seems like selling a building as if value is intrinsic to the building (~$21K/unit), without recognizing it for the failing, distressed business that it is.Reminds me of those who claim rents less PITI equal cashflow (all the while losing their b*tts), or "rents could be raised," and price a property "as-if" it were true.

Judging character and developing these relationships really doesn’t take that much time, but it's certainly not reflected in a FICO score or a 1003.

This is provided as a value-added service and is not a reflection on the property.4.