I started off paying all cash because I was shell shocked once from losing a bunch of money before.

Most people are going to see the limitation of a single unit as a drawback when you want to exit this property and you're going to get less money for the house in order to sell.

Being the losing bidder on every opportunity means you never buy anything (whether it's SFR, MFR, a business, etc.). 

We wouldn't use it the field because of legality issues with claims they make, we use something a little much more concentrated, but it's great solution for someone who's trying to DIY it.Tests can be great to minimize the what IFs people have and to get a tenant to stop bothering you about it, we have worked with a number of landlords in the past just giving them information so their tenant had some piece of mind.

Certainly has been better times to get into this.It depends on many things like regulation, property location  and distance to places people want to visit. 

But the example you gave, I would estimate $3M as a good starting point for the project.Your post liquidity also will be looked at as well.I would recommend partnering with people that compliments areas you may not be strong at for your project.

Typically a 3-bed would have a larger living space than a 2-bed as you expect more people in the household.

A phobia is an "irrational fear" and I doubt he is afraid of gay people.

Any other companies people in the BP fam have used that you like? 

(additional info: changing the stairs or getting new ones would be a massive undertaking)You might be able to get them to sign some sort of waiver, but then if anyone gets seriously hurt it likely won't save you.Some attorney will argue you willfully ignored a known safety issue, and as the "big bad landlord" you'll lose your shirt and then some.Plus, your post here will be Exhibit A and definitely won't win you any points with a judge!