(disclosure) I'm also 'licensed' but this guy sounds like he 'takes the cake and eats it to'

You get to have the cake and eat it too.

My thought is to hold off as IMO, if it don't eat any hay it's not costing you anything.

That says that, if you use a PM, expenses, capital, and vacancy will eat up 50% of the gross scheduled market rent.

I won't put so many eggs in one basket in the future!

Great advice given all.I was moved to comment on Michael Heisterkamp's response.My 0.02:Fear manifested in protecting one's nest egg.

Troy Fisher It doesn't say anywhere that he contacted the developer and they refused to divert the water or do anything to stop the eggs from hatching (there are natural predators to small frogs - Bullfrogs) to help him.

That would eat up $15,040 of your profit.

I like having my eggs in different baskets so maybe that's not the way to go :)The assessment says it is a 5 unit, it's classified as a commercial apartment.Yes, I am hoping the 5 unit finance and insurance issues will scare others away.

Check caulking joints inside the unit everywhere and seal up.Do not eat on carpet as not vaccuming right away breeds bugs.