I am building up the repair/tax accounts and trying to be smart about each acquisition, cash flow and reserves. 

Clothes lines, 1980's sliding glass door, swamp cooler hanging out the side...The house looks pretty nice inside so I would definitely consider improving curb appeal to make sure people get inside the door to see what you've done.

Do you still dare call yourself smart.. savvy?

Maybe that's easier, like a cheat code, but it's not smart.

Today's market in New York attracts so many wannabe's investors and property scouts that don't really knows what they are doing , approaching homeowners of crappy houses promising them bag full of cash (way above market value) and trying to market the property to new investors that going to loose their pants in the nearly future, NO ONE can convince me that a crappy two family frame house in bushwick NY worth 800k it is just De-Javier of 2007 right before the big crisis. back then i saw some smart *** investors buying houses just like today with their 401k and hard money loans and lost everything in few month.

In a nutshell, a guest left a tenant's apartment, went down the common area stairs, where ALL the lights were burned out, tripped on the bottom stair, and crashed through a plate glass window.

Are people are smart enough to know by talking over phone or looking at me that I do this for kicksThis was my favorite After several days with little sleep yesterday I met with two couples at a rental The good and the bad First couple the woman started up her mouth coming in the door, at full volume screeching how she didn't like light colored carpet.

That is not a smart idea, yes some areas are in blight but doesn't mean mass amount of homes need to be torn down.

MFR is a smart choice especially in the greater NYC area.

If the economy takes a dump (a la 2008), the borrower minimizes losses...it's a smart business move.