Barn wood, the real stuff, is an artisan supply item that is used for great crafts and interior decor - - there's no substitute for it when it's in the hands of a "craftsman".Just like you don't put Home Depot windows into a Queen Ann or Victorian, a craftsman looking for Barn Wood knows what he wants and will not rest until he finds it.

The more transient areas there is more people than the natural supply of rentals, great ing a much higher rental market.

With so much US government deficit spending that is going on, and the money supply being finite in any given static time period, our own government is going to be competing against it's citizens for potential lenders.

If we do not deflated the money supply and the economy, the next bubble will break this country.

Therefore the supply will outweigh the demand for the time being.

My partners supplied the downpayment (21,000) to the company at 14% amortized over 30 years with a call in 3 years(balloon payment).

I have a bunch of tenants.I will tell you what I tell my property manager.Do not get over involved in tenants problems and lives.Simply collect the rent and handle repairs and make sure the tenants are in compliance with the terms of the lease.I am very picky in who I allow to rent in my buildings.I turn down about 3 to 4 out of every 5 applicants.No pit bulls,aggressive breeds of animals,sex offenders,felony offenders,drugs,loud parties,unclean tenants,evictions from other apartments,no smoking inside of the units,etc.I go through this the first time I meet a potential tenant before I say anything else.The deadbeats leave real quick and the good ones like that I do that upfront and want to apply for a unit.You should have researched the tenants on the lease way before closing on this property.At the least it would have given you leverage to drive down the price further to take on a bigger problem.A good deal is only relative to the problems you take on when purchasing.Do not kid yourself on the drug dealing.If they grow pot,smoke meth,etc. the costs to remediate the units after you get them out can put you under.Just go talk to the sheriffs department about drug damaged units.Did you pull a criminal report for the area before buying??

Too bad there aren't enough hours in the day...I'm really hoping to be done with all of this by March 1st so I can start aggressively pursuing deals!

It is also very common to come across some hives with Africanized bees which are much more aggressive than our native bees.I would suggest inspecting as much as you can to determine other issues.

I don't care what type of deal I do as long as the profits are large enough.My 1st deal is a little 980 sf house I just picked up for the site value in an area with more demand than supply.