The type of house he wants to buy is like this:~200kLocated in a good neighborhood, desirable part of the city.3 BR / 2 bath, solidly average middle-class home (no fancy counter tops, trim, etc.)Rents of ~1,400/mo + utilI, on the other hand, tend to prefer something more like this:~100-130kLocated in more blue-collar neighborhoods.

Even better.Some of us older investors (I'm 33, so not old, but old enough to bridge the gap between those who had an IBM 386 when they were teenagers, and those who were watching Blues Clues on Youtube) need to realize John's generation has way too much information, way too much stimuli, and have never seen cash money before.

@Rob Barry that brutal but does happen once in a blue moon.

The large eye sore with the fountain blue and others on the strip are a reminder in my eyes to not over extend yourself.Other then that.

I have a vacant office space that I think would work really well for a doctor or a dentist.It's in a blue collar part of town, and it would be a great place for a medicaid clinic.  

Split metering will likely be cheaper than buying separate power inverters for 2-4 units along with all the paperwork, blue prints, and separate fees for each unit to satisfy the city and electrical contractor company.  

@Zana Blue next time, call.

You can actually get a blue-book price (it is a vehicle after all) on a mobile home NADAguides.com. 

I think that the typicaly 1%-1.5% property probably has long term avg expenses of 40%, and 2%+ properties are more like 60%, due to higher vacancy and greater tenant turn costs, tenant damage, eviction/set-out expenses, more economically cyclical blue-collar tenant base, greater fixed costs as a % of rent, and the YOUR PERSONAL TIME to manage these types of properties versus engaging in greater value added activities.

We're small timers, working our way up, my husband is a blue collar worker, and never made a lot, I have a small home business, we have 5 kids and homeschool.