Watch what happens...the guy you "taught how to fish" will be fishing the condenser off your property. as far as why i invest in a place i don't like, and i dont, the answer is money.

I received a call from a lady today that uses her deceased fathers house, for a children's library and activity center.

We are so excited by a potential opportunity we were just presented with but we are also new to this area need your advice and thoughts on things to watch out for!

I had a lady write me two checks and both of them bounced...not a good day. 

Some of my favorite homes were the grand old ladies built in the late 1800's in the Bay Area.

5) Should I watch out for any unforeseeable outcome?

What you need to look for for in both scenarios is for a quick disposition of the property and a negotiation of a waiver of the resulting monetary deficiency (talk to your accountant and watch for potential tax consequence!).

Really looking forward to seeing you around the forums and watching you grow as investors!

If you work in the city, especially if you're a lady you should have a weapon. 

My tip as a beginner to other new investors is to keep your credit score up in the mid 700's or higher, watch your debt ratio's on your credit report for borrowing with banks (especially if you are not holding down a full time job).