When I have to change tenants I can easily delete the old tenants code and put in a new one.I thought this was a great idea and just wanted others opinion why this would not be a good idea or why you are not using this method.

It is very disappointing that one persons "opinion" can sway a deal so easily.

If you can truly get a feel for the "best" place to invest - nowhere near as easy as it seems, and no the answer is not simply where you can obtain the highest current cap rate (which btw would be downtown Detroit) than you would easily make up for the disadvantages of investing outside your immediate area.

The crack can easily be fixed and carpet laid or flooring.

From what I am familiar with, the majority of easily rentable float from $800 - $1400.

An appraisal is based on only three or four sales, and can be easily cherry picked to make it look good.

@Bill Brandt not an expert or accountant but can easily see 25% or even higher…income from the sale pushes tax level up in that year, so say 20% and in MA for instance we have. 5% state capital gain tax, and then you have recapture etc.

If it's a small amount, the tax savings could easily be lost if you buy a bad deal too quickly. 

You can easily retire on 5-10 properties.

I have heard that they are easily scalable (i.e.