Hey @Joe Boggin - given those two scenarios, I'd opt for the leveraged property for the following reasons:1 - Mortgage benefits: you're getting principle paydown each month that is essentially forced savings of cashflow.

But I can tell that Pedro Maysonet and his same crew are newly back in business in full force and ready to go after a whole new set of victims.  

Lots of socializing,  no one excessively forced us to buy anything and the theme of the night was private money.

The total gross rents are 3150, I can force a little bit of equity in the form of raising rents to include laundry facilities.

Be extremely wary that even if you buy right  you may still get pounded by market forces.

One of your articles was part of the driving force behind my question.

If you need to cough up cash in order to force cash-flow I would not proceed.Also, when calculating your annual gross income assume you are only collecting 11 months rent.  

You are forced into almost an instinctual natural selection where you view every deal, potential client, and real estate happening as a life or death situation.

Here is the website: http://www.justice.gov/dea/clan-lab/clan-lab.shtmlI suggest you go to the DEA or drug task force in your County and see if you can find out the levels of chemicals that were found in the house at the time of the drug bust.

(it is not one of the worst places to invest because they never adjusted the mileage rates - the taxes are some of the highest in the county, but the properties are some of the worst (just not soct effective when adding in the taxes to the equation) - it forced many ederly homeowners out and real estate investors in....true story....I'll be selling this property in the next year or so.So - long story short - no - assessed value and appraised value are not necessarily the same thing....