How do you think that huge student housing complex across from the Landmark is impacting the Glassboro rental market?

These zoning changes can impact the financing options of the property with these types of units.

I think what both of you are saying is that likelihood (or probability) is less when you are not leveraged (fewer units) , The impact could be more severe than if you leveraged and owned more units Let me quantify Basis From example above $300K start with $50 K houses / Rent $750 Expenses (%50) $375 ( you still have taxes and insurance regardless if you carry a mortgage or not) Appreciation 5% Option 1 Buy 6 $50K houses free and clear Starting equity = (300K value – 0 Loan Balance) = 300K Income = $750 Expenses (%50) $375 Cash Flow $375 Times 6 units = 2250 Month (same as Mr Duncan Demo) Option 2 Buy 12 $50K houses ($25K Down, $25K Financed) Starting equity = (600K value – 300K Loan Balance) = 300K Income = $750 Expenses (%50) $375 P&I (25K at %5 for 30 years yields monthly payment of $134 Cash Flow $240 Times 12 units =$ 2880 Month Risk assessment / Management While the probability of getting a bad tenant is more with the greater # of units, The IMPACT would be less: Risk Analysis Hazard : getting a bad tenant that late/skips on rent Effect: you lose one months rent ($750) Probability of Incidence (PofI) = in our example 1 in 20 (5%) Option 1 PofI = 6 units *(.05) = 30% chance Impact + (-$750 cash flow ) -> Net cash goes from $2250 to (2250-750) $1500 a (%33) decrease Option 2 PofI - 12 units * .05 = %60 chance you get stuck Impact = ((-$750) cash flow -> net cash goes from $2880 to (2880 – 750) 2130 = 26% decrease So while the chance Is greater with multiple units , the impact is lessoned due to the other income streams.

In the letter, we restate our policy about paying rent on time and what will happen if rent is not paid on time.Here is the body of that letter.  

I like what you are saying, and would love to positively impact the area if I could.

The good thing about a roof job is that it has very little impact on the living situation in the home.

Thought they were termites, but their body/waist is too thin to be termites.- There's a pic of the roof where a few shingles did not really bake on properly and are lumped up. 

I didn't know the extent of the damage, but I became patently aware that walking was definitely out of the question.My teeth chattered violently as adrenaline surged through my body, acting as a sort of natural painkiller.I screamed for help.

In the next five years the will be alot of new industry and charges to the infrastructure that could greatly impact the overall market. 

A great argument based off of great, verifiable data or experience, is going to have far more impact for me than anything else.