I just need to learn and understand the nuts and bolts better to keep ourselves out of trouble.

What scares me is that there are many fish swimming in the RE sea, surely it's been looked over by many, many people, and it's still for sale...I'm interested but can't help but wonder, I don't consider myself sharp when assessing properties, and the sharp guys have surely seen something that makes this building a "pass", what do they see that I don't?

As with many of these things, eat the fish and spit out the bones.

Leave the tapping and texturing to the experts, but you can do the painting easily yourself.Go fishing around Home Depot, they have cost breakdowns for everything, an example is $80.00 (Southern California prices as of last month) to remove and replace a toilet.

When we looked at our current lakefront home my husband just stood at the edge of the pond studying the fish and was ready to make an offer... this after I nixed the lakeview house he wanted to make an offer on with no bedrooms for the kids.... those views can be distracting.

@J Cicero That is nuts!!

My market (Boulder, CO) is really nuts and I need a significant amount for even 3.5% on many places that come up for sale in the area!

So the total at the end of year five is: $225,000 cash flow + $487,412 equity = $712,412.Oh and we still have our $75,000 investment nut.

Or is that type of thing only for the 'big fish' ..?

Once the Dingo resort is built you need to pick me up in DTL and we can go Bone fishing :)