If you're in a competitive market and you're at the bottom of the ladder it will be difficult, though not necessarily impossible to find a property.

It seems to be almost impossible to truly prohibit smoking in the lower income apartments as all of the tenants in the area smoke in the unit.

Putting 5% down could prove to be difficult to nearly impossible if you don't intend on living in the property yourself.I didn't see anything in there for you calculating for appreciation either, and that may definitely be something you will want to account for in your area.If you provide a more complete story of what you are thinking I'm certain you will get more feedback to help you.Best of luck.Andrew  

@Hament Raju MahajanEnvironmental problems are so diverse and specific to the individual property that quantifying risk without information is impossible.

Tough to get the timing right -- tough=impossible -- but you'd be looking at it as a very long term investment and not checking it daily.Real estate investing gives you tax benefits, the benefit of having a tangible asset (if you care about that), and a variety of other benefits.

As this thread confirms, once established, they are nearly impossible to eradicate due to their four-phase hatching cycle.

This can be accomplished either by making an offer for the property as a whole, and let the partners decide how to divide the proceeds and even whether to sell, or you can make an offer to each owner for his interest only, subject to all owners accepting so you have 100% ownership.The other option is to buyout one or more owners, resulting in you owning only a % ownership, which would be near impossible to finance other than owner financing.You need to find out if there is a formal agreement amongst the owners relating to operating the property, sale of the property, etc.

Getting a loan will definitely be very hard or impossible until you can show your earnings on your taxes for two years; so, it might be worth holding onto your W-2 job until you acquire another property.

I would totally do that if I lived in a more hackable area, but I thought it's impossible here, I am still not sure and that's why I am asking.

It’s practically impossible to get someone on a weekend without paying astronomical prices so unless it’s a emergency I’m not sending a handyman out.