I've read through the Ultimate Beginner's Guide, I've browsed through a bunch of posts in the forums, and I plan on going to the book store and picking up some recommended books.I currently work 60 hours/week at my job and my goal is to replace my income with REI as soon as possible so I can spend more time with my family, be financially stable, and enjoy an overall happier and healthy lifestyle!

It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain.

And on and on. Going

@Karen Higgins you shouldn't focus on going-in cap rate for something like this.

All 22 properties have debt but the cash flow on them covers all of my expenses which include vacancies, turnover repairs, ongoing repairs & maintenance and the taxes and insurance on non escrowed properties.

I'm planning on going to DC with a few of my oldest buddies this Spring, and was hoping for some suggestions for activities / destinations.While I'm definitely interested in the museums and other touristy activities, remember that this is going to be a reunion and an opportunity to get out, relax and do some fun stuff.So . . .

We plan to implement the value-add strategies below: To achieve Class A rents, we will complete a moderate cosmetic renovation with a focus on the kitchen and bathrooms (based on our competitive set research).To increase and diversify revenue, we will convert the lower level to an individual unit with a dedicated entrance that can be leased separately.To lower ongoing operating expenses, we will install a more efficient HVAC system, and upgrade the building envelope.”Team/Management – a clear understanding of who holds ultimate accountability for each portion of the SOW is a must-have ingredient for a well-executed project.

@Ben Silone - I'm hoping we can build that type of relationship with the tenant *fingers crossed*@Mindy Jensen - I'm planning on going over the lease with the tenant within the next week or two, to go over the renewal as well.We're getting conflicting information from the tenant now.

Instead, they make sure only an officer signs the subscription agreement, compensation isn't tied to sales, and any salespersons have ongoing duties like investor relations. 

And John, that Detroit tidbit was a goldmine, as it turns out Detroit has many ongoing projects utilizing the containers, I’ve already reached out to a few of the builders and contractors, thanks for pointing me in the right direction!