
I could hear an aunt, who is a broker, telling me: "You should network with other brokers like me. We can give you the best ideas that would turn a creek into a condo." Buying this apartment? Nah. Yes, okay, I'm thinking. I was supposed to consider my age, the risks that I'm willing to accept, the goals that I'm trying to accomplish, and my exit strategy in case my plans stink. Am I after the cash flow, security, or depreciation? Am I buying this apartment for long-term profits? Can I actually keep this apartment profitable without the
tax hassles?