Goal: Optimize towards owning multi-family properties as soon as possible.The Challenge: I was recently in a car accident that left me without a vehicle (long story), and I live in an area where it makes sense to own a car.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Along with this, driving the area gives you an idea how safe the neighborhood is and how well others in the area maintain their property.

Failure to establish or maintain the utility account in good standing is grounds for termination."

Additionally they need to be oiled and or waxed periodically to maintain them. 

I own properties from the early 1900s, 1940s, 1960s, and early 2000s--and frankly, the older properties are often my favorites, and are often my best performers.One of the biggest misconceptions by inexperienced RE investors is that new houses are inherently "better" and less costly/less headache to maintain than older houses.

That way you invest in the appreciating asset while it's actually appreciating, and don't buy it when it's not appreciating... instead invest in an alternative asset until the CA asset is an optimal investment again?

While the units do vary in  rental rate from very low to very high, each individually is very well maintained and very well prepped by the various owners.

Or you can do a couple days of research and get this answer yourself, even from a distance.If you bought it for the right price, you could meet your financial goals AND maintain the sentimental connection.

@Robert Lindsley  Well maybe some of the INDY folks can chime in however I can assure you that 40k all in   In indy is maybe not a war zone but its an area that will be a super challenge to own and maintain..