Use a scoring tool and a hot wet wash cloth/sponge, it may come right off.Once you find a easy way get a crew of friends family and who ever else you can,,,rent a steamer if necessary and do it yourself. 

Hi Michael J,Read and study that info and live it baby!!! 

And I would disagree that the opposite is true.In reality, an investment that meets the 2% Rule may or may not be a good investment.That said, if I were more careful with my words earlier, what I would have said is:An investment that meets the 2% Rule will generate a strong (compared to a typical rental property) cash-on-cash return when managed well.Personally, I've owned several rentals that have met the 2% Rule in areas that I consider to be very good neighborhoods (I'd define a "very good neighborhood" as one where I'd be perfectly comfortable with my wife walking around in a bikini in the middle of the night :).  2% Rule investments don't have to be in bad areas.That said, I've known several investors who specialize in deals in very bad neighborhoods (places I wouldn't want my wife walking around in the middle of the day fully clothed) -- and when managed well, their properties generate tremendously strong cash-on-cash returns.  

Baby steps, my friend. 

I know the ALFs are heavily regulated - not sure to what degree here yet, but that will definitely be on my list of items to research.As the baby-boomer generation continues to age, I know both types of facilities will continue to increase in demand. 

You get your original capital out - no money down baby (and you have infinity cash-on-cash return) and you get $500/month truly passive income (you're not responsible for maintenance, repairs, etc since you're not the owner...you're the bank).The downside: after 2 years, you no longer have any income.

Other occupants would be the ladies 20 year old daughter who was very nice and her 7 month baby.

In general I share Rob K's sentiment and abhor wall paper, however two weeks ago I was ecstatic to discover the front room in the unit we were renovating had 2-3 layers of wallpaper - the oldest layer was cloth.

I don't know that many people who could replace their car, clothes, rent money if they lost their job, etc. if they had to within a day.

Personally, I look to see how new the automobile(s) is, if they are wearing designer clothes, and if they wear jewelry.