There is no excuse for the place being dirty.I disagree.

But, I don't think you'll find any Keynesian supporters who disagree with all Austrian principles or vice versa. 

I think timing had a lot to do with his success.I guess that's a long winded way to say I disagree in part :).But I think Gladwell overemphasizes the chance circumstances in which each successful person was placed and underestimates the ability and/or work ethic to capitalize on opportunity.

And that's how I would suggest to examine this type of a property. 

And if you disagree then hedge your bets with cash flow.

. $40,000 fully renovated properties in B class neighborhoods with solid property management After talking with them I think I disagreed on their definition of"Fully Renovated""B Class" "Solid Property Management"I mean I'm only in one market, and Pittsburgh is pretty affordable, but I know what that buys you in Pittsburgh. . . . and I can't imagine $40,000 goes EXPONENTIALLY further in other markets.

I disagree with you about it being a bad investment.

The person that finishes a 3 hour exam in under an hour probably will return another day to take retake the exam.The BP community is cheering you on, and you must cheer for yourself too.  

I've got a halfway decent spreadsheet I've built that examines both scenarios, but I feel like I could use a sanity check (or better yet - someone else's spreadsheet that factors in everything already!).  

I disagree that collecting the rent makes me liable for taxes -at least not yet.