He might not walj away all that easily.

While a few are located in B areas and fairly well-maintained in our "historic" part of town, most are located in C-D areas.When I run numbers on these properties and see that some look pretty good on paper (ran across one today that checks out well on paper), I can't help but to always think that with an older property, one age-related structural or foundation issue, one sewer/plumbing issue or electrical issue can quickly and easily wipe out more than a years worth of cash flow, and the building won't be getting any newer for as long as I own it.

Hi @Dawn Anastasi ,I was wondering whether you might share your thoughts about expected returns going forward in Milwaukee.From prior posts I know you have easily exceeded the 15-20% CoC over the past years.

One room the outer layer came off easy and I was able to access the adhesive and use chemicals to break it down and easily remove it in big swipes.  

Liability exposures of these kinds can easily put you out of business.

Sometimes, offering options that have a tendency to damage easily or break often is not the best solution for rental properties.

Plus, even if neither property appreciates and we make the same cash flow over 30 years, once it's paid off the one in California will easily rent for 2-4 times as much, so the Golden State wins again!

If you are paying more than that it's  likely easily fixed by replacing the toilets with the high efficiency version (this has consistently been the case and has helped reduce the cost of sewer and water by 40-50% on properties that had old toilets).

Their numbers just don't work usually (or work well, most fail the 50% rule easily for example).  

Cons: - The avatar (photo) for the poster doesn't appear at all so it's difficult to easily recognize other users and very difficult to tell users apart when they have the same name as each other. - There is no total post count or total vote count displayed for any of the posters, so it's difficult to easily tell a veteran member from a brand new one. - When typing a reply, the options to add a photo or hyperlink are gone. - As others have mentioned, the text seems lighter (harder to read).