Meaning that you keep buying, no matter what, into low cost index funds (or if you are capable of security analysis, individual securities emphasizing low turnover) and over a period of 20-30 years you will wake up rich - especially if the investment was in a tax-advantaged account (401k, Roth, T-IRA).I am not saying stocks are better than RE, or vice versa.  

They are widely hated in BP because (a) they violate city ordinance or codes in many communities and (b) people that don't use them (because of "a") are mad that other people DO use them in their market

I have June's rent and the security deposit, but I feel like I should probably do what I can to get the place re-rented (I do my own leasing).

I have no money to put down but I think I can secure decent private loan.  

Here are some of the key stats:Purchase Price: $2.8MUnits: 100Unit Mix:50 3bed/2bath's @ $580/month50 2bed/2's @ $425/monthFinancing Approach:80% Bank20% 10% down payment10% seller financing @5% with a 5 year balloonConservative Annual Financials Financials:-15% vacancy-Rent potential: $618,000-Property Taxes: $30,000-Insurance: $21,000-Maintenance / Repairs: $60,000-Water / Utilities: $68,000-Advertising: $4,500-Property Management: $52,530 (management fee and employee salaries)-Garbage and Recycling: $15,000-Landscaping / Pest Control: $18,000-Security: $5,000In summary:-$525,300 gross income-$273,030 total expenses-$177,396 (5%) annual mortgageoFirst 5 years: Seller financing repayment on 10% of purchase price @ 5% interest rateOpportunities:-Sub metered, but water is covered by current owner (~$55k)-Increase rent on 2/2's to $485We would love to hear your thoughts on the good, the bad, and the things we haven't considered or simply answer any questions that you have.

Does anyone ever hire a security guard?

Make sure you collect security deposits and last month rent from the seller.

If this tenant had signed an estoppel saying that they paid a security deposit only, then they'd have no case to raise a claim for last month's rent now.

And, I do it because it's the only way I know to create a secure financial base for my family while preserving the sort of family life that is important to me.So, if you continue with your efforts at REI, hopefully you love it or you NEED it. 

They might agree to some type of workout but they were looking for people who could perform.When an individual borrows on real estate property he signs a Note (which is basically a type of IOU) and a Deed to Secure Debt, or Mortgage (a collateral agreement which gives the lender the right to take the property if the borrower defaults on payment).