Studios are fine but you will have more turnover than an average place.

A good investment with a solid PM will always be a better performer than an excellent investment with someone who drops the ball.

This is a ballpark CapEx for the whole park which is different than an expense.  

I’d rather have a single family rental that I bought at $120k than an duplex at $300k-$400k.Let me know if you find any duplex with a unit >2,000 sq ft, <$450k and North of Farmington Ave. :)

@Jeff Sechrest I tend to agree - if you’re buying homes in the $2k to $6k range that are already 90%+ depreciated, your payback period on your cash outlay is probably 2 years or so and then you have cashflow until the unit has exhausted all of its value.

If you are planning on adding additional assets in the near future, then go with the higher projected numbers.Keep in mind, in the event of any liability claim (at fault auto accident / someone getting hurt on one of your properties, many more situations) your underlying policy will be 1st in line, then your umbrella will kick in once the underlying policy is exhausted.

I feel the investment climate has changed radically since my last post and wanted to get some advice on the safest places (diversification, I believe, is key) to park the remaining cash that would generate enough passive income to semi-retire (these recent deaths have left me emotionally and physically exhausted and I feel I need a year or two to recover on a beach somewhere).

His boss buys alot of properties fixes them up and re-sells them and is very successful, but he is focused more on the construction business than an investor.I'm glad I found this website and plan to read up on older posts to be more knowledgeable.

The cost of prepping a property for another tenant is much more costly to me than an additional $50 a month. 

So it's not what one would expect of the Southside :)  It's worth noting that this rental is nothing more than an asset to me.