In a depreciating market, you have the advantage of being able to cherry pick.

The tenants had been friends for many years but never lived together before which was a red flag for us but picked them either way.Now 2 months later, February rent is late and I was on them daily to get it paid and as they were new was giving them one chance.After a bunch of excuses the truth comes out: she moved out and took the rent money he gave her to pay me.I spoke to him and I will be getting paid this week when he gets his next check.Here is where I need advice: he told me he changed the locks so she can't get in.

As someone from the Madison area who is just starting to get their "feet wet" in REI, I'd love to buy you a coffee sometime and pick your brain. 

Quite the opposite.Too many people are too quick to step over dollars to pick up pennies.As you point out, there are many ways to improve cash flow by improving the property itself.

I personally am hoping that more deals can be cherry picked.

Just pick a good location that is as close to Atlanta as you can afford.  

You can pick your neighbor.  

We have a lot of areas to pick our battles in :)

I am buying an 11 unit apartment building with a commercial mortgage and have the two following financing options: (Both are 20% down, amortizing over 20 years). Purchase price $640,000A)    4.25%, adjusting every 5 y...

Although I plan on subbing out the PM to a local guy up in Cleveland, the company I work for has direct flights daily, so getting to and from wouldn't be an issue.So the question I have is this; would it be better to use the money in the account to purchase a SFR outright and collect the cashflow, building up enough capital to purchase another then another house, or would it be a better idea to leverage out that money and pick up a couple of units (or maybe even a quad or two?)