As we grow older and our portfolios grow bigger the active part becomes harder, the extra returns or leverage associated with active management becomes less important as the need for security and predictable income become more important.So a move from active to passive usually means -going from more lower performing doors to fewer higher performing doors.  

After passing my test yesterday, I didn't really know what the next step was, are instructor said once we pass we are dangerous.

Higher cap rates tend to be found in markets with less rent growth, less stable occupancy, weaker fundamentals, tertiary markets (where there are fewer buyers--and will still have fewer buyers when you want to sell), lesser tenant quality, less availability of financing (higher down payments and/or higher interest rates) etc.  

Larger fewer lockers will be more cost effective than smaller with more units.

Dangerous unless you know what your doing.

And there is a challenge in Los Angeles (and other affluent areas) where fewer people "need money quickly". 

The natural gas heating has been deemed "dangerous" by the owner (or so the realtor "thinks") but I can't get much detail on what the actual problem may be.

Some landlords put fewer tenants on the lease, some ignore the ordinance.

This number is based on raw speculation, which is dangerous in the RE business because my revenue is based off of this number.)200 days x $125.00 = $25,000.00 $25,000.00 represents 74% more top line revenue for the unit 2 verses unit 1 $25,00.00 x 3% = $750.00 commission paid to home share website $25,00.00 x 20% = $5000.00 expenditures (Internet, cable, electric, garbage, insurance, soap, shampoo, towels etc..)Unit 2 yearly income $19,250.00$19,250.00 represents 34% more revenue than unit 1 Is anyone on BP familiar with airbnb/homeaway/home share figures?

In the multi-unit sphere there are even fewer properties selling below assessed value.The C&C will reassess the values each year.