It's very management intensive and more geared towards the start up community, young self employed people that can work from a desk i.e. tech, and where office costs are extremely high.

I changed it into a second full bath.Another property there a smaller pantry closet off the kitchen that became a 1/2 bath with a very tiny sink.Another house had a large walking closet off the second floor hall.

Sites like redfin, zillow and any county/city tax websites are extremely good resources to evaluate sold items comps.

Online discussion forums like BP can also bring out extremes in personalities.

(7) For a beach condo, the view is extremely important.

My Spanish is at about the level of a 3 year old ;) The callers will either keep it extremely simple, or put someone on the phone that does speak English.We haven't signed a lease with a non English speaking tenant, but my attorney said the official language of leases is English and if they sign it without understanding it, they are still bound by it.

I'm waiting to hear back still but I may be going under contract very soon on a sfr in Redford that should cash flow extremely well.

As of now only two of the four units are rented (I'm also be extremely careful about who I rent to since it's M/F).All that being said, I would gage your market closely and if tenants can get the same property as yours cheaper, then they'll do that, so be careful about wanting to raise the rents.

However, the risk to which they are exposing themselves can make perfect sense for their model, in which such an investment is a tiny portion of a larger portfolio and there is a low downside risk but high upside.

In Cook Institutional were never a huge issue as it is always extremely competitive anyway.