But if the BP Summit was held in Anguilla then Joshua Dorkin would be another celebrity sighting you could add to the list!

I am planning on using 6x6 wood beams that are graded for ground contact.

Comments are welcome:Purchase Price: $325,000Units: 29Mix: all one bed/bath (one efficiency)Structure: 2 two-story buildingsCurrent rent: $500Vacancy: 45% (16 vacant units)GOI: $95kNOI: $37k (seller's info)My estimated repairs:Interior (vacant units): $80,000 - mostly cosmetic with new appliances and window A/C units.Exterior: TBD (new balcony railing $8000 + updated electrical (units have gas stove hookups currently), siding repair, and paint, possible dry wood termite treatment)Potential 1 year outlook:Vacancy: 11% (conservative)Rent: $550 ($450 for efficiency)NOI: $169kGOI: $59.7kThe only two pending snags for me on this deal are: cost for termite treatment and cost for electrical upgrading.

They have allowed their dog to urinate and vomit all over my wood floors and they are not too happy that I am objecting to that.

Are they wood or metal?

I've seen properties with tabs running of more than $1,000/day for rotted wood that hasn't been fixed.

I've got some family down in your neck of the woods (Capistrano Beach).

. :) In my neck of the woods, you're looking at 0.3-0.33% of monthly rent for a property in a prime area with A Class tenants.

Lots of sage advice there :) As always, I'll harp the "don't just look in your home county" tune - if your market's dried up temporarily, don't be afraid to look at other cities, states, countries or continents - you'll have to do DD on the providers more than on the actual properties in most cases, but it's just a different skill set - and affordability, as well as cashflow, may just amaze you if you set your sights a bit further than "around the block".

Hi Jeff,I see you are in Alpharetta in Georgia which is my neck of the woods.