We tend to stay out of the city, but mainly because I don't think my management style would be effective there.

Also, I communicate w/some other investors who've had decent success w/debt (home loans) via various platforms the past 3-4 years and a few have noted an uptick in delinquencies and/or defaults the past 3-6 months depending on the platform and a decline in the quality & qty of the offerings in general (higher LTV, slightly lower rates, etc).

I look at it like 20k or so minimum then maybe 2500 to 5k a door up to a certain amount.better to be safe than sorry and its not like the money is spent its in your account and you could do very short term investmetns with it as well.. like short term lending. ( carefully)Most investors that run into trouble are simply undercapitalized have too much debt and when they have a bad day they can't get their units up and running and it becomes a cascading effect.

They were great up until the closing, but since then communication has been spotty at best.  

He sends me back a text, all huffy, about how it's not real smart to deny a qualified renter by electronic communication, like he's making a threat.I told him, unless he's a member of a protected class, i can tell him to take a flying %$#@.    

Just remember that you will eventually get by with something else but remember who is involved and how that will effect them?  

Not only was the creative renovation cost effective but higher rents were achievable for more desirable office space.

And what I found from experience is that since these properties are so much alike the 1% rule is a very effective way to take a quick stab at evaluating if they will fit my cash flow goals. 

By law your tenant selection process should not be effected by these things. 

I am very good with customer service, administrative work, and communication.