My basic questions are :Siding 30 -40 years old showing some wear and tear - replace just paint or just power wash the siding and roll with it.

For those that don't recall their social science stat class from college, "statistical significance" is used to distinguish a correlation that could be random chance (I can roll fair dice twice, and get snake eyes twice in a row, due to dumb luck) from one that is (in this case >99.9% certain) not dumb luck (eg, snake eyes 100 times in a row probably means loaded dice).Violent crime rate in census tract.Owner occupied housing units. 

In terms of deal sourcing, I have a few friends who are realtors, but will need to get set up with a realtor who is also an investor to really get things rolling.

Nothing like rolling into your bank and having to put down a deposit to get a secured card with a limit like a college kid.  

Anthony Chara post was a great explanation on how to value the asset.Have you actually reviewed the detailed I&E and rent roll?

I would like to roll half of that equity into the new property and use the remaining part to pay off my car loan of $25k, thus reducing my debt to income ratio.I know that if you invest your equity into real estate that you do not have to pay capital gains tax on it.  

If you get it and people think you paid too much, just show them the profit checks that roll in.  

Once that cash flow gets rolling it gets a lot easier.

Do you want to roll up the windows and lock the door?

@Brandon Turner @ben leybovich,@sam craven @bill syrios Hello BP Friends,  I'd love to tag others, but for some reason, I don't think I'm operating the tagging feature correctly, so I'll just roll with my question:-What are the ESSENTIAL questions you ask, when interviewing candidates to be your employees?