The operating expenses above though look awfully low for the year, almost as if vacancy, maint and Capex savings aren't accounted for.Can anyone help set me straight... or is this actually a bad property (at its current list price)?

It's also very easy to make stairs covered with a runner the centerpiece of a simple insurance con with a starter email that looks exactly like this one.

The landlord-tenant relationship is simply not all about bloodless logic and the simple exchange of money for a service or product.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I think he ran out of juice to finish it and to start operating the hostel.  

I get a similar reaction if they find out I share this same hobby, like they are getting competitive over a simple hobby?

I picture a scummy half way house but I'd like to think there are good operators out there.

To keep things simple, CAP rate is determined by a properties NOI which we'll say is mainly based on the rent being collected.

I'm operating from Michigan and am able to take occasional trips down to Indy to keep an eye on progress.     

example 1: simple toilet clog.