The plot of land could be turned into a parking lot and also controls the alley up to the back door of the property.

But after consulting family and friends, I decided to spend the 20k on a house instead.

For myself, I spend more time talking about how to 'help' the appraiser hit the highest value possible than I do talking about Zillow numbers, or promising specific numbers prior to having that appraisal back.

I don't want to unnecessarily spend money on something I don't need.

If you could spend five minutes with my family you would see how our daughter is thriving way beyond what an industrialized state-run school system can provide.

Keep that in mind when you ask people for their time and with how you spend your time. 

At the condo where I rented to tenants, they're just tired of out of control tenants, and freeloading absentee landlords.

In the lending world that is a HUGE difference and I could probably spend about an hour telling the differences between them.

Due to some areas not having rent control, the cap rates that they are trading @ can be extremely aggressive, I have seen as low as 3% based on pure speculation and projections.

Spend your time finding the right property management company and not getting employees to manage it.