Bad neighborhoods require more cash reserves.  

., what if the neighborhood goes bad or they find the next Love Canal under your MFH?

And what this neighborhood is really like.

I am like you, even before I was an investor, I preferred to drive around a neighborhood and find listings, and call the listing agent directly, and make an appointment to see the house.

Of course, regardless of which answer you give (unless you disagree with both your statements), it contradicts your assertion that the 50% rule is a good one for *all* investors...Btw, Mike, I'm not trying to be attacking...I actually really like your style of investing and your perspective on a lot of topics (I've learned a lot by reading your posts)...I just think you're taking a bit too dogmatic approach on this topic, and am actually enjoying the debate

Choose a neighborhood and get to know everything about it.

I also found a really good neighborhood on the Southside that I want to target.

I am a beginner and have no investments yet, but starting out with the same structure that I explained above.In summary, CopyBook style doesnt help in the long run.

This property is a city rowhouse in a very high end neighborhood, so it gets alot of foot traffic.I'm not sure if a banner is too big, or would piss off the current owners too much.

Please check my math.Taxes =2% of appraised valueInsurance on the safe side is 2% of replacement costTypical 3/2/garage in Broward and Palm Beach counties in a working class neighborhood will safely fetch $1500 now, maybe lower soon.