. ::))  not advocating that at all but.. you have to deal with Asbestos's and lead paint in these day and age and that can cost an arm and a leg..

The bank isn't going to let you blow their money.

I have seen this on MLS listings, which blows my mind, but just goes to show the disclaimer at the bottom is there for a reason.

Just to play devil's advocate to myself, it is entirely possible that your local market for corporate rentals is huge, and this may be a lucrative niche and you may capture a huge market share.

Chances are is that it isn't.I would play devil's advocate and say there are advantages to new construction.

I'm a huge advocate for rent-by-the-room properties but as an investor, you need to understand that you're taking on a lot of risks.

The thing is I can write a check if the transmission blows out or something like that. 

I think I still enjoy riding the motorcycle just for fun and to blow off steam.

Understanding your expenses and potential income and the myriad of contingencies including capital expenses over time and projected exit must all be factored other wise you will be blowing in the wind.I love Monmouth, one of my favorite places in the world!

You might bluff them into getting what you want, or you might blow up the deal and lose the property altogether.