It is unclear how this added inventory of new housing will affect the existing stock.I think that Ogden will out-perform the Wasatch front outside of the immediate Salt Lake area.  

If I only got 30% occupancy in Atlanta I would be out of business.

We are expanding to Richmond, VA and I have a few questions:***In VA, do I, personally, need my real estate license to perform property management services?

While our markets are high in VA right now, we can achieve way close to the 1% rule than that - especially in a poor performing school district. 

@Mark Welp I don't think most conventional 30 year prime residential loans are callable based on decreased equity but I don't know about sub-prime or other types of loans- I only know about the limited types of loans I actually hold.

Being IT background myself I would have separated / sub-netted each floor for performance and security but that may be overkill in this instance.

To perform a 1031 exchange, you must use the profits from the sale of one of your properties to purchase another property (or properties) of equal or greater value within 180 days or before the due date of your taxes, whichever comes first.Partner With Other Real Estate Investors: To lessen your financial burden, you can partner with other real estate investors.

Honestly, I'm not convinced you're going to get the sellers to drop from $215K to $160K, but if you can, you'd probably be better off wholesaling this deal to a more experienced local investor and then shadowing them as they perform the renovation and resale!

Pay the bill and bill the tenant, it is a violation of a standard NC lease for the tenant to hire a contractor to perform a service to the premises without your knowledge or permission.

Landlords need to perform background checks on their potential tenants, verify income and employment before renting their apartments.