Commercial Proeprty Owenrship and Management --is lot differnet than SFR -- Risks are greater and rewards are greater Need to ahev Long Term Busienss Plan and Strategy- State or City - area of twon, type of property etc -- then do feasibility study -- population, income, age group, traffic counts etc- In Atlanta --there are many retial Centers available -- some vacant and some occupied-For example --have a Bank REO -- 80% occupied for $2.7 million -- 50% original mortgage -- Give some more thoughts and decide which direction to go -- Retial, Office Buildings, Office Condos, Warehosue - Distribution,Hotels etc --

OTOH, someone with a high net worth, say around $10 million will generally look to diversify investments.3) Another thing that affects this decision is the age and personal situation of the individual.

I would take a close look at both the plumbing and electrical due to the age of the building.

This is consistent with decreasing the volatility of your equity portfolio as you age too....which is what most portfolio designers preach.Of course....there are those on BP that claim this is non-optimal and that these people are not "serious businessmen."

I can see investing in low property tax areas being advisable especially if you can maintain decent rents.The data also shows a clear relationship between age and maintenance cost, but again no income data was provided (WEIRD!)

As a borrower, there are many issues that puts you on the wrong side to admisinster the loansthat will come about considering the age of the note holder.

(or testing the originals)Age of appliancesType of furnace (forced air pref)Central airFoundation and joistsWater damage in basementNumber of roof layers and age of top layerSize of lotSq footageNumber of bathsType and condition of flooringLight fixtures Ok...

This is really partially an asset allocation question and the answer depends on your age, goals, tolerance for risk, etc.

I came across some difficulties with my title because there had not been a title insurance policy on the property ever due to the age of the house and the fact that there was never a mortgage.

You are at a great age to have the energy to get it done.Keep it balanced and build as you can on your terms and nobody elses.Good luck.