Sounds like you have great experiences to really excel at REI.I myself am a buy and hold investor, and we have a ton of investors here locally.  

The problems are that while the neighborhood is rapidly up and coming with a brand-new courthouse, brand-new health center, brand-new art center, huge university presence , new bars and restaurants, there is still a level of transients in the area that make me Worried about a building there.

Always do excellent work. 

The subject property was located on a flat plane, so to speak, with no view of the ocean and closer to the busier streets of the city.So even though the subject property could have been had for significant discount there is no way in the world it would have been worth its closest comparable.Some people say that finding comparables is both an art and a science and I must say that it's actually much more of an art than a science.

Most go out only 20 years but I found one to go out 25 years.I would suggest making a list of every bank and credit union in Excel and ask what their terms are, how many they would refi, do they have the option of portfolio loan, etc. 

I've found the cash flow excellent in good times and bad.  

Just completed an excellent real estate refresher course which often leads to more questions.

Hi Jocelyn,A couple of ideas, first there are a couple of excellent property management companies in CdA at 8 % and you may be able to lower it even farther since all properties are in the same location.

Some of them are excellent, while some I have walked in are covered with mold.

I'd be more concerned about HOAs, CC&R's, local laws, and zoning laws....With apologies in advance, because I don't know how much experience you have, but "no deed restrictions" doesn't mean you can do whatever you want with the property.All very excellent points!...