It's not just the crappy areas that fall victim to theft.Take the time paint the tools with names and engrave stuff on them in more than 1 place.. so if they are pawned you'll have better chance of recovery,, take photos of what you havebut basically tools for some reason have legs.. they walk off.. never to be found again.The security system stuff is fine but finding the creeps and monitoring the system isn't easy..It's when they rip off the copper, and break stuff that things get personal.

If it is in a high demand area of the metro...chances are you will make more money owning this property over the long term than what you will make redeploying the capital to some place else.

Do you by chance have any information or maybe places to look more about the 504 offering?  

Make sure you set up a separate entity for your long-term stuff (or even better an LLC for each property...) and one for flips if you end up doing any - that way there's no chance of being hit for self-employment tax as a 'dealer' under IRS code, for properties that you should have only been paying long-term capital gains tax, on sales of properties that you've held for over a year.

I would love the chance to work and learn from some of the best in the area.

In similar fashion, if you invest in Class A apartment buildings chances are you'll see single digit IRR  because there technically is not much more upside in that investment. 

Have them pay for the screening (that on it's own scares a lot of people who know they have no chance of qualifying).  

But damn you can't get anywhere if you don't take some chances or risks along the way. 

Any chance the buyer went over late night and broke the water main to get a little credit on their buy?

In turn not providing a chance for new home buyers to enter the home ownership field.With that said, it is the winter.