Lastly is a car dealership at 7M with a cap rate of 8%, however it is a 7 year lease with several 5 year options.

The limb cracked and fell and took out both of his cars in the driveway.Setting that aside, there is a lot of rotting leaf debris on the roof from the aforementioned tree.

If I see cars on cinder-blocks, chainlink fences, a check-cashing place one block over, cars parked on the street with a garbage bag taped over a broken window, etc. then it’s not for me.

First it's $500 what are the odds that the guy out in California is going to take it to court, take time off work, pay for a ticket to MI, Get a hotel for a couple nights, rent a car to go to small claims court, where they will make their $500 and a $45 filing fee? 

If the tenant only has double the rent in income and then has a car payment, credit cards, etc I would be concerned that if the tenant has any kind of minor crisis the tenant would not be able to afford the rent.

There are active investors who trade regularly and make over a hundred thousand dollars in a single day.There are also people who made millions in laundromats, car washes, restaurant franchises, bit coin, timber, farming, cattle, diamonds, oil, you name it people have profited from it.Of course people on BP think it is the best way to generate wealth.

Would you give them the keys to your car?  

@Brian Car, Are you finding these pre-fore on Zillow?

It's not just from poor money management but what if he was in a car accident and couldn't work and was shut in a hospital.

I have nothing to show for my work other than nice cars, Gucci clothing etc.I have not purchased a house as it’s never felt like a huge priority and I will only have two years of tax records in Canada this year, meaning my bank wanted me to wait anyway.I love the idea of real estate investing and I hope I can learn enough to get started on the right track here with you good people!