I was tired of learning and trying to cover all aspects of how things can go wrong.

They forget long-term maintenance like hot water heaters, plumbing and roofs. 

Now we have a situation where we need to build a huge amount of new units just to keep up with demand - we simply have more people than roofs - and so the cost of existing homes has to creep up closer to the cost of new construction plus land.

Here's some basic info on the property:Asking price: $350kCurrent Gross Rent: $2600Landlord pays sewer/water at $150/month and trash at $64/month.Current owner flipped it 2 years ago so it has a brand new roof and windows, plus new appliances, granite counters, plumbing fixtures, etc.

Hi @Amy Frisella, there are so many aspects to real estate and you don't need to know them all. 

Aside from resale which I don't plan on doing for many years, what other aspects am I missing?

No judge will be okay with a non paying tenant who also doesn’t appreciate the roof under their head that you provided them during a pandemic!

Just another aspect to realize and take into account according to your tax/financial situation.

It is a great place to meet new friends and learn about various aspects of real estate and more.Check out BP Podcasts: https://www.biggerpockets.com/podcastWishing you the best!

The reason I’m excited is because we have parking to build 2 more units, and in 2 years, we’re ripping the roof off and building a couple 2/2 condos on top of the quadplex with all glass walls on the ocean side and killer views, can’t wait for that.