:)Basically, the two types of measurements ($/hour vs ratio measurements) are related but should be analyzed independently -- $/hour purely describes your returns as an employee while the ratio measurements describe the returns of the portfolio/business.Sure, your earnings and your portfolio's earnings may be one and the same, but you shouldn't be evaluating them the same way.

I fear what happened in your area is a pure speculative boom.

Battery life isn't great.

That is pure speculation--I have no clue about other places really :)

Take care of the legitimate ones right away and provide your tenant with costing on the purely cosmetic requests.

Red hook is right on the water across from Manhattan through the battery tunnel and wow did that area change for the better, but where the projects are is still straight ghetto and might never change.

They have a battery powered red blinking light to make it seem legit.

@Tristian Cox, You should have a large emergency fund regardless of it being in a flood zone or not.Also, there are battery backup systems for the sump pumps.

My name's Josh McNicoll and I'm the first in my family to have not only been bitten by the real estate investing bug but also to have done something about it--my wife and I purchased our first (and so far, only) renta...

I don't think this is a good deal from just pure number perspective.