You need to be able to write letters for pre-foreclosure, bankruptcy, absentee landlords, etc...A well written letter is worth its weight in gold.

I wish there was, but all these questions Josh and others have posted are a good start in weeding out the obvious dead weight.

Spread" is the concept where you try to earn a Return On Investment (ROI) that is higher than your Weighted Average Cost of Capital (WACC).

I plan on doing my own management and most of the upkeep.

I, for one, do not have enough time in my weeks to take care of the immense amount of upkeep that living in a home requires.

Instead of replaceing the windows I thought about just repairing them if the windows are still in good shape and they just need alittle fixing up paint wood puddy maybe a weight fixed. what is everyones thoughts about trying to save the windows.

THe money $200 dollars per apt. or whatever the value is would go into a slush fund, to fix stuff and to maintain and upkeep the house.

In normal circumstances the unit owner pays the maintenance and upkeep of the unit for the entire year without deriving any benefit.

Worst of all, I think, is that my children aren't in line to inherit a slice of property, but instead a financial weight.

In rentals, I always make sure there is enough to pay the rent and a little each month to set aside to have for upkeep.