The biggest drawback is the potential life style change but if you and your wife are willing to make the sacrifices, there is some money to be made. 

Class A credit in primary locations (coastal cities, Denver, Atlanta, Chicago etc.) is going for 4-5% cap but I have seen Class A credit in secondary / tertiary submarkets around Seattle (one of the hottest industrial investment markets in the world) going for an 8% cap.

Here are the open houses for the weekend of Sept. 16 and 17th in the Twin Cities Metro area. 

One of the biggest growth sources for Experian.

I see you are in Kansas City...I almost pulled the trigger on a property there and might get in that market in the future.How do you do deals with other investors such as me?

Account ClosedI buy more rentals than most per month in Baltimore City and I can tell you that any realtor worth anything right now doesn't need to do anything for you other than write offers.  

I know this because I happen to be born and raised in in some of the hottest areas in the city right now.Since I'm black and from these areas, I personally  have no problem renting to low income people,  or people of color.

How about attorney in New York City- Long Island area?

If the heat is radiators from a boiler, you have to separate the supply piping and return piping for each unit, then you need the extra boilers as well; you might be able to re-gun the oil boiler with something like a Midco Economite to save some money on a boiler, assuming existing boiler is in good condition and not too oversized for the biggest rental unit.One thing to point out is that you will now have multiple burners.

We are all seduced by the shiny metrics like cash-on-cash returns of Memphis, Cleveland, Akron, and just about any middle American rural city.