In Ohio there are a few grey areas... a case law that ruling that a daily late fee might be excessive in some situations, you can't charge a late fee with an oral lease.

Hi I am doing a 1031 exchange. 330K in the fund, only one of the 3 identified properties is going to work out, and on the form the value of the property was 200K, i will end up buying it for 230K. this property is cu...

@Lien Vuong made a good point to get in a smaller SFR (2-4 units) where your tenants would pay your mortgage and you could use the excess money for investing for retirement where your money is constantly working for you (depending the yields from your investments). 

@Dean Wagner small nail holes, no, big chunks of dry wall, yes

If you are in the low tax bracket, it's better to slow down depreciation.Also, if an apartment is a big enough operation, going forward there is a new limitation on excess business loss, the loss realized might not be deductible anyway. 

Many investors lost their commercial properties in 08-09 when the credit markets dried up.

You're right, the part that makes me most nervous is having enough excess cash for the loan payment and renovations.

Thanks to a tenant not reporting a leaking toilet her new lease states if more than 30 CCF of water is used in a quarter they're responsible for paying that amount (above 30 CCF) as well as the excess sewer consumption charge.

If someone comes into excess cash is it better to pay down debt and then invest in a property or to invest in a cash flow property and use that to pay the debt?

So many questions but don't want to suck you dry of time/resources while I still have clearly a lot to learn about the basics.