Lots of fees and costs that nibble away at the bottom line: Utilities - a/c ran constantly at 70 degrees with doors wide open, running power tools, etc, so that added up to big utility bills.

If you make more than that you pay tax on your world wide gross receipts even if you don't earn any of that income in LA City!

The objective of your advertising is to cast your net wide so that you collect qualified applicants.

Superior technical support and service in a wide range of areas including phone reception, document processing, and case management.

Including these assets, cap rates on the wide range of properties that offer opportunities to add value start in the mid-6 percent range, with attainable terminal cap rates starting roughly 100 basis points higher.

Shareholders must receive at least 90% of a REIT's taxable income in the form of dividends each year.Performance varies widely.

its a big wide investing world out there currently... 

If you buy It low enough, you have a wide margin of error, if you goof up too much you can probably still sell for small to no profit and take knowledge gained onto the next one.Get the help of professionals.  

My advice is to learn as much as you can about a wide variety of related topics: real estate, construction, maintenance, investing, finance, law, business, sales, marketing, etc.  

Here's how important freedom was to us: our primary was a $14k double wide in a park.