@Patrick Connell I think it's a combination of several factors leading me to the conclusion I either 1.

It's a factor that plays into my decision making but it's probably fifth on my list.

Some common desirable factors might be:* Proximity to a great school* Beautiful ocean views* Beautiful mountain viewsIn fact the investors' choice of Sokcho to invest is in large part driven by what they see as Sokcho’s inherent desirability as a location (ex: proximity to Mt.

As for solving the confusion factor some mentioned earlier in the thread, I open what my bank refers to as a zero balance checking account.

The neighbors mentioned they were occasionally spraying the outside steps as the bugs were just spilling out.I'm the kind of newbie investor that gets really excited about the potential for a property - I literally spent hours at a time in my first rental planning out the rehab and envisioning what I was going to do to the property to make it look great - exposing brick, reconfiguring upstairs layout, enhancing outdoor space, etc.

Finally, after years of struggling to get it to cool the room, I removed the sensor and routed it outside the unit so it is exposed to the room air behind the unit at the top.

There are obviously other factors go into determining good investment decisions.

I agree with @Brent Coombs...numbers aren't enticing with vacancy, cap ex, repairs, prop. management factored in.

In many aspects, net worth will not be a concern to a newbie investor, as they acquire more properties it becomes a factor for financing. 

Planning on these factors is critical for your future success in your investments, although it is very hard to predict the changes.