4 ms·

I didn't really mean offense by it. I did about a 2 year stint in commercial lending and we had good and bad slum lords. Some just bought slums because it was e

• johncessna 6y ago
  None taken. Under 50 units across several buildings. We generally buy what we can afford and what is decent. Decent is the operative word there. For some, that's granite counters, for others it's a roof that doesn't leak over the bed. We're not sophisticated enough to min/max the business out. So I'm not sure how to even operate a slum property 'efficiently.' Between the number of folks skipping out on rent and patching a derelict property, I would think you'd have negative cash flow. In addition to not generating income, it makes leveraging the property or selling it harder.