@Stephanie BartonWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

It was one the best decision we have made.

In lieu of the LLC I'll be carrying the highest amount of liability I can get on the landlord policy, and I'll be adding a multi-million dollar umbrella policy.But even if I do set up LLC's, I'm still going to carry a multi-million dollar umbrella because  owners of LLC's can still be sued pesonally if their decisions resulted in a serious injury/death (such as the failure to not remove snow as stated above, or not to fix that faulty furnace that was emitting CO into the house, or some other form of negligence).

If rents are in a normal distribution (bell curve) like they should be expected to be then half of the units will be below the average and the other half will be above, you need more information before making a decision. 

@Cobi MaimonWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Looking back, it was definitely an emotional based decision.

Purchase price: $95,000 Cash invested: $55,000 Sale price: $215,000 Pre-foreclose, elderly person living in the house in a extreme poor condition , we offer alternative for his living , We help the owner with a better place to live , we help the bank by giving them Money for a deal that will take a lot of money to be back and functional , we hale the neighborhood by eliminating a house that was a close to tear down and in a bad shape , What made you interested in investing in this type of deal?

I understand when it is a bunch of poor choices that add up but I wonder if just the shower head is enough to say hey not this one.   

Mostly because I'm time poor (professional job, side business, 1 kid, 1 on the way). 

That was a hard sell for me but I realize that I was making too many justifications for poor spending habits.