If the income tripled, thanks to rent growth (rents wouldn’t have to triple for that to happen, BTW), the property would still be worth 50% more than I paid for it.  

After the tenant applied for chaps the landlord tried to triple the rent.

We own several fairly large apartment buildings in the Los Angeles County area and our water costs us an average of $60 per month per tenant.I am fairly sure the cost for water tripled in the past 10 or 15 years and we would probably be paying more than $120 per month if we had not installed water-saving toilets, water-saving shower heads, water=saving bathroom sink and kitchen faucets and we removed all the laws, shrubs and trees from every property we own and installed rocks and only 4 to 8 cactus plants on every property.

I've already triple checked my math and made sure I did the formula right. 

Seems like a double or a triple to me =)Any major lessons learned, anything you would do differently?

Louis area help me find a duple, triple, or 4 plex with FHA.

My sales didn't double, they tripled!

@Joe VilleneuveGreat points Joe#3 Makes lot of sense when the interest rates are identical, interest rates have almost tripled now.#4 Transactional costs , depreciation recapture may add significant overhead

Those areas have doubled, tripled or more over the last 6- 8 years and seem to be still going strong.

In then” old days”, I could buy a house for $25,000, put $30,000 in to it ( all in ) and then give it away this weekend at $80,000 or sell it and close in 6 weeks for $100,000.In other words….For risking less than the equivalent of one years income …Buy and flip a property SOLD …CASH IN MY BANK….in less than three months…And DOUBLE my investment / or triple my cash out position.AND…. have multiple exits….