With the type of profit I figured (about 20k annually) I just don't see the downfall other than the 'headache' that goes along with it.Thanks Jennifer,Thanks for your reply and question.Although I don't know the area you mentioned I have had experience with hundreds of deals in lower class areas (mostly SFH).It was difficult enough managing and collecting rents in these SFH and I couldn't even imagine what it would be like managing a multifamily in such an area.I have personally never owned such a property so I can't speak with full confidence but I can say that I have witnessed many similar complexes become revolving doors over and over again.Investors get attracted to the cashflow potential but end up loosing 6-12 months down the track.

Also, he has his CPA and being an accountant, in my opinion, is very valuable in this business as keeping track/managing costs and what have you is the difference between being profitable or in the negative. 2) He has been doing this for a long time, simply put: he knows how to renovate a property and then manage the property.Side Note:For those of you out there who are looking for properties in nicer areas I do know that Jay is planning to expand into these areas of Philadelphia.

You are definitely on the right track!

If you still have a copy of that I'd like to get my hands on it so I can try and track down where it may have came from. 

Do you have a good track record of performance?

We have family land down there and I just want to keep track of it to make sure we don't lose it.@ All - are you guys using the BP app to tag folks?

We've been keeping track of this for a while.  

I wouldn't put unverified trust in a service just because Google backed them with some capital, as Google has a loooong track record of starting or buying companies, services, etc then discontinuing them.

This method requires a little set up time but I found it worth it if you are using Google sheets to keep track of your real estate.  

Saar you're on the right track.