You find out investment loans on commercial real estate are given out at a 70/30 LTV ratio and your $81,000 gets you $270,000 in borrowing power.

This friend of mine LOVES his high powered day job, makes a ton of money doing it, has no desire to quit, and has very limited time.  

Just because the petitioner prays (asks) for Full Powers does not mean that's what they received.

Here are your risks:1 - Acting too soon without the proper knowledge of how to analyze Markets2 - Acting too soon without the proper knowledge of how to analyze Rehab3 - Acting too soon without the proper knowledge of how to analyze Properties you find in the correct market4 - Acting too soon without the proper knowledge of how money works5 - Not understanding the power of a team/partners & thinking it's more profitable to do it all yourself (this is especially true about rehab)6 - Not having a Power Team in place to execute multiple deals at one time7 - Inaction8 - Not knowing the difference between Investing and Speculating, and thinking they are the same thing.9 - Emotional responses...the numbers don't lie, don't argue with them10 - Fear holding you back

At the same time, just because someone is motivated by ulterior motives (money, power, etc.), doesn't mean that they don't have good information. 

Trying to project when it will happen is going to be very challenging because the powers that be, not just political forces, are very good at keeping the plates spinning when they want to. 

Or you can sell it back to the power company.

In Baltimore you can buy a house for under $10,000 and rent for $300-700, that's good cash flow, you may not want to invest in that area.Cash flow in my opinion is a function or your negotiating skills, your ability to use power prospecting methods and to create leads that make sense.

Also it is common to collect an additional security deposit as well.FYI... the tenants union is very active and powerful in Seattle, so become familiar with their website and the messages they promote to tenants.

And if you have CH/AC all that usage of power( heat/air per sq ft) makes your HVAC system operate longer, putting a toil on YOUR UNIT, thus complaints...."