@Nicholas Bailey It all depends on the quality of the building and the degree of renovation...if this is a non-renovated structure...you'll have a ton of headaches...if it has been brought to code and is suitable for occupancy with decent systems (HVAC, water heater, electric, plumbing), and on city water and sewer, you're golden...should be a great additional profit center for your investing...

They're actively building in the downtown area, with One City Center being marketed for $700K+ (these are condos at the corner of Corcoran and Main St.) 

That said it's a beautiful place and Burlington has lots of strong businesses (all the colleges, medical centers, banks etc).  

I think A shopping center would do well, but the lot is small i think.

The HOA could assess all community property owners for things like community center or pool repairs, resurfacing the parking lot or exterior maintenance such as painting and roof replacement.

One of the nice features is that you can define locations like addresses where you have properties, the usual stores or services centers that you frequent, etc.

Always consult a qualified professional.At my investing group's credit workshop today, the instructor made only general statements about how the SCOTUS's recent ruling about the FDCPA (Fair Debt Collection Practices Act) impacts individuals.He did state, however, that the bulk of the impact centers on ownership of any debt for which an attempt to collect is being made.His take is that this will focus primarily on third-party collectors who purchase defaulted debt.

Jude, the accompanying revitalization of the Pinch District, the renovation of the Memphis Cook Convention Center, the Fourth Bluff revitalization projectand the redevelopment of Mud Island.Rick Shadyac, CEO of ALSAC, and Sarah Hall, ALSAC chief legal officer, attended the council session as a step toward applying for an expansion of the existing tax increment financing (TIF) district east to I-40 and bounded by Jackson Avenue and Poplar Avenue to include parts of the Medical District, and an amendment to add Mud Island and the riverfront to the Tourism Development Zone (TDZ), all to help fund the Bicentennial Gateway Project.For details, check out the city's Bicentennial Gateway Project presentation.City Council's potential next step would be to authorize Memphis Mayor Jim Strickland to submit an amended TDZ application to the state.The application for TIF expansion will be considered by the Shelby County Community Redevelopment Agency board.Memphis celebrates its bicentennial in 2019.

A good way to do that would be go join us at the PIG meeting (Professional Investors Guild) tomorrow night in Pensacola at the Bay Center.

Some thoughts I've had:a) turn an attic into a study center b) apply a discount for good grades (details tbd)c) pay $x per AHas anyone tried anything similar or have other ideas?