Rates are currently super low so there is potential you could get back into positive cashflow. 

Those $2500 houses are either in super-rough areas or are in marginal areas but need massive amount of repairs to get them back to livable. 

Super excited to get started in investing in real estate!!

I'm super excited to be returning to the area, never thought it would happen the first or second time!

You can be nice and give them a big bowl of water too.Best time 8am.

I anticipated it would be a little more expensive than your average deck since most of it is over water, but that still seems super high to me.

I understand the MF market is super hot right now so I'll have to be patient and flexible I imagine.  

If you want to do it to be super careful, that's cool.  

About a year later we did the same thing with another property, and have now bought a few more.The city has definitely gotten significantly more expensive in the past ~12 months, maybe most notably in the past 6 months, particularly for properties in the 1-3 family range (inventory has also been super low compared to the summer). 4+ family properties are rent controlled, unless you owner occupy a unit (then they're not rent controlled up to 6 families).

I know you're super busy and I don't mean to rush you, I'm just curious!