I would make sure your insurance quote includes additional fire coverage.

An additional benefit of purchasing an older building is providing an option for converting the building to a Single Family.  

In addition, you can always look to Lease Option a property FROM the owner, and Lease Option the same property to your Tenant Buyer.

Was really only looking for additional information that some of these senior landlords may have gathered throughout their years. 

We have kept a few and add them to our portfolio of foreclosures and estates that we acquired through normal purchase at 50 cents on dollar - I'm a bargain hunter!  

We acquired a vacation home.

Russ how are you planning on acquiring the properties?

He estimates to spend an additional $58k over the next 10 years for maintenance and capital improvements. 

Solely from a profit maximization standpoint, this certainly seems like a better option than going solo to me, both in terms of acquiring multiple properties faster, and reducing per person risk. 

Are you in need of a boost to help give you additional means to pay your car bill, education loans, credit card debt, etc.?