If it is just an area with expected higher cash flow due to nature of tenants and lower quality area then no I won't touch it.The other factor is how much time this might take away for that expected 6,000 gross cash flow versus your other business practices.  

So naturally when it was time to buy she was the one.

@Don Nelson, few questions to think about:What's the nature of the deal?

What goes up must come down....Real estate has a natural recurring cycle.

But with the following checklist, you can make a better determination of what that house is truly worth, and if it is the right deal for you.CompsComps, or comparable sales, are the natural starting point for determining property value.

He build zero defense, zero suspicion, and plans for no risk because he has felt none......then thanksgiving rolls around......human nature makes it hard to consider long term risks, especially when we don't experience it first hand. 

That's just the nature of the beast right now in most markets.

Naturally this completely kills our proforma.The leases state that the tenants ar responsible for the water bill so of course we can, and likely will, start enforcing the lease.

I say this because it is a fantastic starting point to learning about money and various vocabulary used when talking about money/investing.Reading about personal finance will naturally roll into learning about real estate investing. 

Another one of his tenants is the natural gas company.