New equipment just like a new car performs better and has things older equipment does not.The old freezer the compressor,seals, etc. are all getting toward the end of life expectancy.

In my personal opinion stretching yourself thin at the top of a market has a lot of risk.

My strategy is pretty simple.....acquire as much debt as I can, and stretch out the amortizations as long as I can while rates are still this insanely low.

I recently purchased a performing first which has an outstanding HOA lien attached. 

So the place has to be in decent shape, which means you pay a little more.I use the 50 percent rule, which includes PM.I do self manage, so my numbers look closer to this without the pmPercentage of gross16.5 percent for taxes and insurance5 percent for vacancy10 percent for capex10 percent for repairsright around 40 percent give or take.Which is around 280 a month in cash flow.How is your indy properties performing?

Sometimes landlords don't perform through background and credit checks before they decide to rent to them, so the next owner gets stuck with the problem.Perform your due diligence.

I don't care how good the domain name is, I don't think I would ever buy a domain with a .house extension.

Appraisals will stretch a bit, but not $35k on a $180k condo.

Hoping to hear all feedback from anyone who has had experience, positive or negative, with purchasing non-performing notes / non-performing loans. 

Fast forward 4 months and multiple lunches later, I was performing all kinds of tasks for him and soaking up as much of his knowledge and experience as I possibly could!