Summer, I think David shares a common perspective of many investors about agents.

They can’t smoke in common areas or close to them.

The property is a side by side duplex with additional basement space that isn't connected in unit, you have to go into a common stairwell to access the basement areas below.

In Illinois it is common for attorneys to charge 600-700 per closing, but you don't have a running clock to worry about. 

You would divide that by 12 to get your monthly depreciation expense.3) The 80/20 rule is a common rule of thumb if there is no way to find the value of the land.

Have you seen or learned any other little niches or common misconceptions about the VA loan?

My agent and other investors in the area had told me that in South Jersey it isn't common or necessary to have one. 

Now that doesn’t mean they can fall in certain markets, ones that are more prone to a boom/bust cycle; but a retreat in housing prices is simply not a very common occurrence on a national scale.

Every house I lose money on or ran over budget had one thing in common: too many problems, the list was just too long!

Look up the requirements for your own statethis was very common for brokerages all over the US as it created income for them..