Obviously, not perfect, but takes an expense off of me.Interesting numbers, Kyle - seems this place is using A LOT of water given the 24 v 80 comparison.

Mike Dymski great points - I will run a couple of scenarios and see where things land.You're right that we had the perfect market entry conditions, but amazing bargains + rental shortages can't last forever.

People have just given you the perfectly correct advice that you have some real challenges in doing exactly what you planned, and so maybe altering those plans might be something to consider.Nothing you have written in all these pages changes the basic fact that a $7,000 down, multi-family that will cash flow from day one and needs no repairs is a very, very, very difficult thing to find. 

It could be in perfect condition and still be sold as is. 

So not a perfect system but it's the best available given what we have to work with using Cleveland division of water & adhering to the ORC.If a tenant comes in to the office & only has $800 you have the staff decline any partial payments & instruct the tenant to pay rent in full or be evicted.

This might not make sense, but if you think about it, it makes perfectly good sense.All low end motels are shaped in either an L or U shape.

You're screening standards are working perfectly, they have successfully screened out one bad tenant...

Long-term still it might have to work near perfect just to match your hometowns freeways space on average. 

Walking away at this point is a perfectly good choice too.

College is the perfect place to be.