You never know if they are blowing smoke or not; However, I do know that since the GFC, America transformed into a highly litigious and highly regulated country.

@Owen D.

Regarding the investors with +100 units, are they basically doing it buy buying cheaper properties (<$100k) in "c" and "d" properties and then handing off to a property manager?

We have moved from an area of over 50% unemployment in computer science R&D in our town of South Dakota to a high cost of living area near the nation's capital.

:D

Attorney James D.

I need an objective view :D Income and Expense Statement 2008 Total from rents $45,118.40 Expenses: Mortgage=$3,261.52 Homeowners Insurance: $4,200.00 Electric Bill: $267.08 Water and Swear Bill: $2,456.00 Heating Oil: Oil City: $2,185.20 Its a 5 unit building coded as an apartment.

See the table below.Renovate to Lower Maintenance CostsRenovation is transforming a property to increase rent, decrease time to rent, and reduce maintenance costs while spending the least money feasible.

Occasionally, some towns also bill fire separately from the bill (I know they do in Middletown, CT).Waterbury for the most part is a D class town. 

I don't want to be a "Debbie Downer" but $300k in SU is not going to happen right now (unless you find a C- or D property on the outskirts of St George).