The previous owners invested over $12M into building it between 2009-2012 but then left it vacant for years, allowing it to naturally age.

But the taxes doubled this year!

My unit count is much less but the duration is around 50 years (combined my mom’s rentals and my rentals) without paying a tenant to leave or having to do an eviction.  

Thanks a bunch for the reply.If you guys want a laugh, find someone on an old s8 (lol) and try using the site 😆

I've been investing in apartments for the past year.

The inspection report came back showing signs of old termite damage.

In DC and Boston both, my properties values and my rents double on average every 10 years.

Soon the DNS starts issuing fines to the owner, but the collateral damage to the neighborhood is already done.Abundant cash flow is a myth, especially if you invest remote, pay a PM and you are buying 100-year-old buildings with financing.

About four years ago, I transitioned all my long-term rentals to short-term and vacation rentals, and it has proven to be the best investment decision I've made.

With a diverse background that spans over 14 years in business ownership, sales, marketing, media, and business development, I'm eager to bring my skills and experience into the BiggerPockets community.Before diving into real estate, I spent 16 years in IT with the federal government, and I'm also a proud Air Force wartime veteran.