Chances are a slip and fall will cost less then 2 million - even if a judge finds you at fault (remember, your property is up to code, you have handrails at the stairs, you have a snow/ice service etc) Also, you are leveraged, so you don't have a whole lot of equity/net worth to come after, which makes it less attractive for an attorney to take on a lot of work, for maybe a little payday.If all that is not enough, set up an LLC - it acts like a firewall if done correctly and contains the financial damage within the entity.The other way round, here is what NOT to do: own a 3 million dollar appartment building free and clear so it's pure equity to go after, in run down condition, with burnt out lights and broken handrails on an icy winter day and nobody comes to salt, next you forget to pay your insurance and of course you don't have an umbrella policy.

The difference I've found to be most attractive is leveraging myself, and instead of making a deposit and waiting, I can actively analyze, rehab, and interact with people in order to improve or change the outcomes of investments. 

If you're not sure how to reposition assets and get out in enough time to replace the mezzanine financing or bridge loan with more attractive financing such as agency debt, then be super careful about the waters you're looking to tread in this current market.

C+ neighborhoods are my personal favorite- and if you get burned by a sec 8 tenant in one, the area is good enough for you to still attract plenty of non sec 8 tenants should you choose.

Ultimately I'd like to maximize my profit of course but need to make it attractive to a partner as well. 

I could try and set closing for 75 days out but this would not be an attractive offer to the seller.

Now, if you do your work and rehab right and can attract the good tenants even in areas that are 'on the cusp' you're doing your part to turn a place around.

Trouble is the cockroaches ignored the eviction notice & stayed for another couple of years so the fact the rents were on-time was moot.Filth attracts vermin & you are living next door to it!!!

What will give you the best bang for your buck is to find someone who understands the exact impact each rehab item can add to the value of the home (either in sale value or rental attractiveness). 

Good afternoon, I am a newbie looking to jump into the market in about 6-7 months. I have received a preapproval from my credit union with an estimated monthly payment which is higher than I'm comfortable with. I'm ...