a general downside to apartments can be evictions, the lentgh of time it takes and possible emotional aspects.good management and initial screening avoids those problems.

It is a magical concept.Now there is also a downside to leverage.

so i went to look at the house today and i might have found a really amazing deal. but theres also some downside to itthe place is a 4 plex in a low income neighborhoodthe street the units are on is really shady... and the houses need some serious painting, drywall touch up , clean up and junk removal. they look pretty junky but seem to be fully functional in terms of electricity hvac plumbing, and structure. the exception is that one unit is still on fused based electricity so it needs to be replaced.that being said i see some really good things in this property.1) out of the four units 3 have been rented out for 5 or more years. and apparently is usaully easy to find tennants in the area2) one of the tenants is a career construction worker who said he would be interested in working with me to fix the place up ... maybe on some type of reduced rent agreement3) this same tennant suggested that the seller is much more motivated then he seems and said he really thinks the guy would take 10,000 less than his 65000 offer4) even in its current condition this place seems like it will cashflow pretty easilyi think this property could be an amazing oppertunity but it will also be alot of work... especially for my first property. in some ways the idea of my first property being a fixer upper really scares meso now i have some more questions-1) whats an average inspection price ( assumer 4 2/1 units )2) whats an average inspection cost3) any advice

The downside to providing water to the tenants is they may use an unreasonable amount.

The downside to doing a assignment vs. a sales contract with the person buying the property from you is that they realize what you are making on the deal (some people care, some don't).

I prefer method 1 and use it most, however it has some downsides.

A series LLC is hard drive with multiple drive letter partitions in which to store data.Here is more info...http://en.wikipedia.org/wiki/Series_LLCThe downside is that a series LLC is very new and a lot of states don't recognize it as a business entity, yet.

This is a big deal in some raises and it is a big downside to publicly soliciting under the new 506(c) rules.I am working with a firm in New York to pilot some Dragon Software based solutions to limit costs of PPMs, operating agreements, etc.

On the downside there is no limit.

Hi Jason, There are upsides and downsides to being an agent.Upsides:1) You get to charge a buyer agent commission on deals.