Many of the gurus suggest building a "power team" in the remote area.

I agree with everyone else here who highlighted the importance of staying on top of maintenance in old buildings, we achieve regular inspections through filter changes and CO2/smoke detector battery changes.

@Yonah Weiss @Dennis Tierney Cost seg really is THAT powerful!

Ft.Lot size = 15,002.06I'll need to add heating and cooling; currently window units.P&B construction for the houses and duplex, slab for the studio.Total projected gross rents= $750 Studio+$950 Unit 1+$950 Unit 2.The whole project would be a value add: windows, bathroom, update kitchen, furniture, solar panels, water purifier.I'm considering adding solar panels - would mean that I can charge for my own electricity sense I would be the power company.Property Management fees = 7% (wholesaler/broker number).Projected Vacancy Rate = 5% (wholesaler/broker number).CapEx = 5% (wholesaler/broker number).The military gets their BAH/BAS evaluated every year and it goes up about 2.5% based on the market conditions.Property growth annually would fit in to a 3% number as its not the fastest appreciation market.Your annual expenses should be about 1.5%-2% depends on how well of a job is done with the rehab.P.S.

Brad Sumrok's- AimNatCon - (Dallas August 10)Michael Blank's- Deal Maker Live (Dallas July 25-27) Tony Robbins- Unleash the Power (Dallas July 11-14)

There will always be reason why you don't want to do something, the successful people ignore those, power through the suck and get to where they want to be with some stories about really crappy times 

Real estate investing is a powerful thing.

It felt like a low-risk buy (since we could easily cover the mortgage even without renters), but since the unit was almost always filled I saw the full power of REI firsthand. 

I may switch this in the future to limit the bank's power over my money tied to both.

House is in unappealing condition - no water, no power, FULL of trash, debris, & vermin, but still occupied...neighbors not happy.