I'm also not sure how that area fared after Irma, but I bet there was some degree of flooding. 

Also, you should look for opportunities to buy below market and force some appreciation, so that you are not 100% dependent on cash flow to make all your returns, you will be insulated to some degree from short term market fluctuations, you create multiple profitable exit strategies for yourself, and your cash flow numbers should also improve to boot.

I have a bachelors degree in Business and am in the process of selling my share of a company I helped grow from 4 to 25 people over 8 years.

lots of great advice. i would add the following:if you are going to update the wiring and plumbing to a significant degree you should consided adding submetering for each unit.

I worked for Dr Laffer back when I was getting my economics degree at Vandy, and that guy is absolutely brilliant.

I am graduating next fall with an engineering degree and I plan on working as soon as I graduate.

I know I should know this, and is answered to a degree out there, but ill ask anyway ...If I do a cash out refi on a property that I have paid off, I probobly will be required to keep like 25% in, and then I am paying a new mortgage payment on that property for a 30 year fixed time frame, right?

@Jeff WaldenBut remember... who wants to move when its 10 degrees out side ins Wisconsin? 

You begin by informing them of the consequences, perhaps begin with a threat, then a beating, maybe a knee capping and ultimately a killing to send a message to others.Debt collection follows the same principal in ever business to varying degrees.

Lawrence is a party town, lots of smart people with degrees working for $12 an hour.