Brian Hoyt makes a good point regarding mid-lease exit.

In the early to mid 1990s I flipped a few houses and had a couple of rentals, but it wasn't until 3+ years ago, when I discovered BP, that my real estate investing really took off.

That can be different depending on the area of the mid-west

My situation was kind of different.My father was killed in a car accident when I was 15 turning 16 years old.It was just me and my mom facing the world trying to rebuild our identities in life.I mainly went to school to make my father happy but I loved learning.When I had the 98 and 96's scores for subjects he would love bragging to his family so that always made me feel good that he was so happy.I stayed at home and went to college for 2 years and it was all paid for and I could have gone longer but I felt a different calling.To create,innovate,and feel alive and passionate about being a business owner.I would hang around other business owners as a teen to get their perspective on things.Amazingly most said it is good to have book knowledge but practical knowledge will get you much further in business on the street.It's kind of like a professor teaching business classes that has never ran a business in their whole life.They know nothing but theory and what sounds good.In reality I want to learn knowledge from thriving business owners who have been in the game for awhile and have real world experience.I did move out from my mom's place although I was in my mid to late 20's but my life wasn't typical like many.I believe it is fine for kids to stay at home as long as they are bettering themselves and have a plan to get on their feet.Sadly many are being and free loading and not requiring much of themselves and I do not agree with that.

Although, even mid 70's is kinda chilly, especially if there is any wind.

I have 32 nights reserved between now and mid-July.

Overall they did a pretty ok job with the house including putting in very nice mid-grade kitchen cabinets but what struck me was that they cut corners on the counter top by going with a the stock/low end Big Box Formica counter that was noticeably seamed (with a gap) right down the center of the sink.They were asking top dollar for the house and upon seeing the counter it was an immediate turn off.

I started an LLC in mid 2010 for the purpose of investing in rehabs.

What about something in a Cleveland suburb with 25 units that rents for $600/mo per unit, built in the mid 90s, well maintaned, with free wi-fi, good (but uncovered) parking, in-unit laundry?

General info:- 30 some unit mfd in a somewhat major metro acquired in the mid 2000's- Around $2.5mm remaining balance of debt, 10yr ~5.5% balloon which comes due in a few years with a ~$2.2M balloon payment- Has performed around breakeven on a before tax cash flow basis overall, the last two years have been a little negative. - In decent physical condition, we renovated half the building after purchase- Near full occupancy- It was set up to cater to local college students (2 schools in walking distance that don't provide housing), pre-recession it was near full student tenants but it fell off a cliff and is now ~1/2 students.- We expect the student population to rebound in the coming years, the schools have launched plans that include large increases in enrollment.