I've spent most of my adult life living in Bridgeport, CT with only a few school years in Raleigh, NC.

As I was reading through http://www.remodeling.hw.net/ as I usually do at the being of every month and I came across an article titled,EXCLUSIVE: Construction crew finds five guns, 100 bullets in Harlem apartment’s kitchen ceiling while remodelingAfter reading this article it made me wondering about what are some of the most unexpected thing you all have ever came across while renovating a rental or a flip property?

If you can hold it for over 90 days before putting on the market, you'll be able to get FHA homebuyers without worrying about their 90 day exclusion period.   

Ironically the only "bad tenant" we had was an adult working woman….all the students were wonderful.

Adult Day Center.

2) Convince my Wife to become not only a Realtor but my exclusive Realtor.

I figure it will give me a nice soft intro to the rental business until i buy my first multi family home next year in Milwaukee WI.Amount financed = 253,000Mortgage/Property Taxes/Insurance = 1300/month3 year lease at 1600/monthProperty management = 100/monthMy plan is to be exclusively in multi-family so my plan for this property is to unload it at the end of this first lease in 3 years and use any money i make to roll into my investment capital for new properties in the Milwaukee area.

Also, if you are planning targeting the college housing niche, know that Augusta has a zoning ordinance with a maximum of 3 unrelated adults living in a single-family home. 

Rent to value ratios and mutually exclusive from prices.

I, too, am a U of M grad, then went to MSU for law and have been focusing exclusively in real estate investing since graduating a few years back.