Fair enough, but I didn't have the heart to tell him that while it took him 2 months to flip that property (the only one he was working on at that time) I had also made 10k, 7k, and 9k on other deals.

Only Reason to ever do that is because of my parents and my wife have strong sentimental Feelings and emotions in that house which I was unable to get rid of even after getting them 10x better house then that but as they say heart is where the home is, and I would absolutely feel proud of myself by give my parents and my wife that house back some how, that would be my biggest accomplishment. 

The .3 acre lot is located very close to the heart of Rockville and is commercially zoned. 

I really think they notice a great improvement in service from the previous owner who just did not have his heart in landlording anymore.

They have always paid late..after the 15th sometimes and since i am soft at heart i have let it slide for several years now.  

Property #1 was located in the heart of Sokcho's retail district on Rodeo Drive (same name as the one in Los Angeles).

. :)Don't take the criticism too much to heart.

So that is really the extent of my knowledge other that what I read on here and what I google, I have a 6 figure income a strong Business sense and above average intelligence and am a salesman at heart, I have around 30 k of my own money that I would like to keep right where its at and some other money in 401ks and such but lets just pretend those dont exist.  

As far as the HML analysis...I'll say this: If I need heart surgery, I won't contact my doctor about golf strategies.

I'll also take the property manager advice to heart, I'm going to need someone who can look after my rental any time I leave the area and would eventually like to take a cut on income to outsource some of the work to a manager.Speaking hypothetically, do you think it would be better to buy a $50,000 home that rents for $650 vs a $25,000 home that rents for $450 because of fewer tenant issues?