Although I understand many of the points about "he may be completely safe and a good tenant", the bottom line for me is that at the end of the day, I don't want people like this associated with my life in any way shape or form..... don't need the anxiety or stress....If someone else wants to be the saint and help this guy out, then that's your choice and more power to you..... for people like this, that just isn't me....I don't want to have anything to do with you.... not on a personal or professional level.... you can be someone else's problemIts one thing to have a criminal record and throw them some sympathy and help them out....for me its a whole other deal to give someone the benefit of the doubt and help them out when they are a repeat child sex offender.

Which equates to heirship issues, leins from the city for keeping the grass cut, interest in those leins depending on how old they are, and a host of other potential hiccups. 

Like I said, it's our side hustle (we both have full time professional jobs and a houseful of kids), but we do the management ourselves. 

. $500 ea. in profit after loan pmt , taxes & Insurance and a small amount for maintenance fund are taken out.  

If you are a serious buyer, and a top-tier agent will do whatever they can to make it happen for you. 

I also found it hard to invest in NYC and as a result an out of state investor.

I live in Auburn Alabama and the market here is pretty crazy so I have been looking at surrounding cities like Montgomery and Birmingham that are bigger and more affordable.I know that the typical down payment someone’s needs for commercial is 25% so short of me getting seller financing, or a partner, or some other creative finance path my purchase power leads me towards properties that are typically in lower income areas- at least for the ones I’ve spotted. (200K ish) I’ve listened to pretty much every podcast multiple times and often hear people saying that when they begin they focus more on cash flow and as they grow they look more towards appreciation opportunities.

Currently have 3 vacancies and a duplex to be fully remodeled, which I will start next month.

I'm surprised they have any vacancy at all - in the other markets where I have these kinds of properties, we have 100% occupancy and a unit stays vacant for at MOST 2 months. 

There were other concerning items like a hardwired smoke alarm taken down, the new fridge handle that I had purchased ($60) was not on the fridge, and there was fallen paint and a large water stain on the kitchen ceiling (2 baths and wash/dryer above that area).