You cant always SEE the leaks and resulting damage till it gets costly.Buy a safety harness, shingle gun and a hammer and fix it when the sun is shining.

And not just the convenience, but the cost...Many of buyers are putting down much -- if not all -- of their free cash for the downpayment and closing costs of the purchase, and if they have to spend another thousand or two on essentials, they may not be able to afford the property.

For where I'm at in Socal, right now home values are below replacement value, which essentially means it's better to flip than to build new.

The fact is that the numbers are not favorable and property prices are high so you'd have to come up with large down-payments just to get into a property.Your investment capital can go much further in other (better) markets with higher rates of return.I strongly believe, as I advise all our clients, that good property management is essential.

That "and" is essential.

Particularly, I love the fact that you essentially have three master suites upstairs (each bedroom has its own attached bathroom).

It looks like getting my real estate license would be a great idea and would essentially pay for itself after the purchase of the first property or two.

Are there any codes/safety concerns to consider when tapping into an existing line (no, I would NOT do this myself - I would hire a pro)?  

Basically the clause reads as follows:1.DISTURBANCE, SMOKING, NOISE, ILLEGAL USE: Neither the LESSEE nor his family, friends, relatives, invitees, visitors, agents or servants shall make, permit or suffer any disturbing noises or vibrations by means of a human voice, radio, phonograph, stereo, television, piano or other musical instrument or other device or form of technology of any description within the building or Premises, nor commit or permit any nuisance to exist thereon, nor cause damage to the building or Premises, nor create or permit any substantial interference with the rights, comfort, safety or enjoyment of the LESSOR or other occupants of the same or any other apartment in the building, nor make any use whatsoever thereof than as and for a private residence.

It is absolutely essential that you adjust your game plan on how to proceed in the new terrain of investing.