Remember how much vacancies and turnovers cost.

Its not Beirut and also remember you better pray that Detroit perks up because a lot of your clients have day jobs in the city and need the money to live in the suburbs and also if your neighbor(Detroit) has rats, so to speak eventually you(your City) will too.

Remember that you'll have costs associating with turnover, and a month's vacancy can eat up that rent increase that you just got...)Good luck!

Remember your buyer must get a loan on the property.

There's is the only one I remember off the top of my head.

Remember when you buy at auction, you are just buying that lien.

You can learn a ton, but remember advice is usually worth what you pay for it.Best learning you get is from doing.

My take is 30 years if possible...remember, you can pay the loan off sooner if desired.

Shaun, Bill, Dion, Phillip, and all, this has been a great thread and debate, I can't remember when I have had this much interest and fun in one single thread in awhile.

But, always remember...