We learned that a LOT of people are willing to get rid of their father's or mother's home for a song because they can't come up with the tax money to keep it.I would say we do much the same sort of thing these days but our focus is shifting to finding small multifamily where the landlord just doesn't want to go on with what he has.

That said the new people moved in and they are demanding that I test the property for meth because they say the previous tenant's boyfriend is in jail for meth dealing. 

Planning on the shaker white for the next house I get, as most people think it is a timeless look.

Most people would say that if anyone shows up late, you should immediately disregard their bid later. 

Sure, people do it all the time. and getting a HELOC on primary home is not terribly hard as long as you have enough equity.

we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.

I have actually seen people that claim to have a great investment, but neglected to put something like property taxes, repairs, insurance, management fees, or payroll in their numbers.  

I have a higher nightly rate because I can sleep more people, my taxes and insurance are higher.  

I’m hoping I can get a really good sense.

When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.