I think that ultimately, though, that would be a bit drastic for me (I hate to reverse course after all the time and energy invested in them).

If your real passion is to pursue an entrepreneurial venture, I would focus your time and energy on that.

Lots of discussion about bullet proofing rentals and what flooring holds up best (hint: the IRS assumes flooring lasts five years, I've been told judges here in CO assume carpet lasts three, so if the place has carpet, plan on replacing it every few years.)I think you're thinking that because its a nicer rental that you will have less issues with tenants.

But you've got to be prepared to spend a fair bit of energy property hunting, and be ready to pounce quickly.

Of course, I still have lots of energy and still like lots of action every day, but now I evaluate that differently that I did when I was 25.Thanks for any comments or suggestions you may have.Russ H

This results in maybe 1 to 2 deals the first year even if they are a dud in creating additional business.The first 10 years as an agent goes usually like this.First 3 years is 80% new business and 20% from your existing sphere of influence.Next 3 years is about 50% new business and 50% repeat business.Next 4 years is about 20% new business and 80% repeat business.It's not that you aren't getting new business it's that by now you have a group of people that you know and want to work with on a daily basis and do not want the ONE OFF deals that take a bunch of your time and energy.

While they are making loan payments and sweating bullets, you are making deposits and going fishing.Think outside of the box.

My husband wants to evict him on those grounds, but yea, I hear you all, sometimes, you just have to bite the bullet and be the adult and not get dragged into the drama.

Remember, everyone wants to be successful, but only few will put in the time and energy to actually obtain it.Good luck!

Over marketed property at a inflated price will not sell unless the seller comes down and the market catches up closer to their price.The question you have to ask yourself as an investor is " How much time and energy and resources will I have to use to try and find a buyer at an almost market price for a property?