I'm glad it's not my tax dollars.... we have a 55mph "bullet" train to pay for.

While I agree that a good property manager is a must, as @Chris Clothier mentioned it's still imperative that you visit the property regularly to ensure that your interests are being looked after, and this alone eats considerably into your cash flow, not to mention your time and energy.

I'm confident that I've learned from my mistakes and can't possibly do any worse the second time around...and with any luck maybe this time I'll actually come out ahead.For now, I have one property that I've tried to sell with no luck, and I've just about decided to bite the bullet and just rent it out again so that I can move on with my other investment goals.

Ya, I suppose I was looking for the magic bullet.

To get something like that I would have to be dodging bullets during repairs.

I purchased a house at auction where the seller had committed suicide by putting a bullet through his head, while sitting in the living room.

Your confidence, enthusiasm, and energy will attract more deals.

Since we currently subsidize the cost of fossil fuels and other energy in the US it's going to be necessary to reduce how much we pay to heat and cool them.

Otherwise, bite the bullet and do the fixup that's really needed to bring it up to par with the others.

When I pick up a card that has a full paragraph, bullet points, etc on the back, I never read it.