Just for future reference @Scott Hollister.I appreciate you bringing up the aggravation of the refi part of the lauded brrrr.  

Good" market areas such as the East Side of Providence tend to be lower risk and aggravation, but also much higher priced (lower returns)."

It is well-worth the cost and I think I pay $600 per month and if I get sued I have to pay the first $25,000, but when I was sued without having EPLI insurance I was visioning my ex-employees owning my apartment buildings and I lost 30 pounds because I would get up every night at 1 am and work all night putting documents together.The worse and most-aggravating thing about the Civil Lawsuits is my employees sign three documents every week acknowledging that they took all their breaks and my employees enter the number of hours they work every day on their time cards in their own handwriting and not one of the employees who worked for my company worked overtime and every employee signs a legal Wage Earning Statement every week, but the attorneys still file the Civil Lawsuit and they don't care who is right or wrong because they know that I will pay money to make the cases go away.So, if you want to expand, then make sure you create documents your employees sign every week stating that they acknowledge that they are entitled to the 10-minute uninterrupted, 1-hour uninterrupted lunch breaks and make sure they sign stating they took their breaks, create two copied of Wage Earning Statements, make sure your employees sign one copy and check to make sure your Wage Earning Statements cover everything they are supposed to cover e.g. tracking overtime, tracking vacation time allowed and vacation time used, etc.You never know what employee will sue you and if an employee is seriously injured I am the first person who wants to make sure that employee is 100% covered by workers comp, is covered for disability and I want to back that employee up like he is my own child, but even when an employee is covered by insurance many employees are snakes and they turn against you and many employees are seriously injured and their lives are upside down.

I would never rent to the first applicant because they qualify since there may be many more applicants who are more-qualified.Other than the necessity for an applicant to have a history of having adequate cash on-hand to cover their rent and other expenses, some of the most-important factors I consider are the things that tell me whether or not the applicant will keep the place clean, be free of mentally aggravating issues, etc..Here is an example.

A $200 rent increase sounds in order for the aggravation factor and the fact that you will likely have to clean and rent the apartment below soon.

I'm not sure how up to date it is though.http://www.phila.gov/li/Pages/PermitsCertificates....Whenever anyone says anything regarding Philly violations, I always lean towards taking more time, money and aggravation than expected

If you have a high threshold for pain and aggravation it may be worth it. 

We did a couple "flips" and figured out that the profit wasn't worth the aggravation.

Originally posted by @Victoria Riggs:There is a problem to keep communication in business with the seller, he keeps giving me complements and wrote a poem for me.Then you need to decide if the house is worth aggravation.

I was aggravated with them by that point, and waited til the next day to reply.