In other words, unless you are a hardened property manager used to all that goes with low end stuff, I'd avoid that nightmare.

Yet, there is a correlation (word of the day?)

I understand the second part, just not the reason why it is advisable to take the depreciation in that case.Because the way the IRS code is worded it's required and you're taxed on the amount that SHOULD have been taken whether you take it or not. 

In other words, I wouldn't generally look at townhouses, if I were targeting a hybrid strategy where I was going to sell in just a few years.Davidson is a fantastic area. 

I'm looking to refinance the mortgage on a 12plex I bought, and I wanted to get word from experienced people in the know on which companies I could go to.

You can also set key word alerts for areas or items of interest for you. 

It's not the operator that's invisible (or anonymous may be a better word) it's the owner.

Thanks for the kind words @Tom Bujnowski We invest in the NW Suburbs so keep us in mind if you find something up our way and we will do the same if we run across something in your neck of the woods.

Hey Mehran,Thanks for the encouraging words about investing out of state.

It is how you mitigate the risk and how you word it in your offer.