I always thought I'd try to avoid condos as there is lower potential for the property to increase in value and condo fees eat into cash flow.

Time and management can eat away at any kind of returns or equity return you are getting by pulling capital back out.

As the household income in older areas declines, prices and rents fall to match.Generally, home prices will be significantly lower than metro areas with expansion limitations.Investor FriendlyYou could buy what appears to be an outstanding property only to have operating costs eat all the cashflow.

Hard money here would eat up over $100k. 

Be sure to have reserves for this as it may eat into savings you expect/project from rents.

Removing a disposal from a family that has been used to a disposal can lead you to even more costly plumbing issues as they stuff food and junk down the new drain, plugging up the pipes.We are habitual animals.

I am also going through an eviction and I wanted to collect damages to the unit from the tenant but I did not have any information about the tenant's work so my lawyer advised me to just eat up the costs.

I worry about tenants (children or animals) putting something down there or getting injured. 

The animal shelters here use worn out furniture in their adoption rooms for animals to climb on and be petted.

Things happen sometimes and if you can't stand to lose your **** and eat the next day you should save up.