Others like improving properties and have an "eye for beauty and design" and they become really good developers and rehabbers.To be a good landlord - specially of multi-family, you have to be detail-oriented, you have to know how to read people, you have to be assertive & firm (otherwise, your tenants will walk all over you) and you have to be very patient (because the real money in real estate, specially with multifamily is made over the long term).

There are a lot of reasons why people fail in this business -- and they are the same reasons that people fail in other businesses:- They didn't know enough going in- They were under-capitalized- They didn't have a plan (or at least not a realistic one)- They didn't execute well- They didn't devote enough time/energy to the business- They weren't detail oriented enough- They didn't manage well- Etc...Real estate is no different than any other businesses -- some people approach it correctly and do well; other people treat it lightly or don't have the raw skills necessary to be sucessful -- and fail.

All of these homes are beautiful, in family oriented neighborhoods.

I envision an event created through here being oriented toward true beginners.

If you want to warm up a living room the tenants can get a great area rug designer on sale for cheap like 99 dollars and throw it down.Make sure with the tiles they are not the slippery kind with no grit to them.Those kinds can get wet and make people slip and fall.Much better to spend about 6 cents more a sq ft and get the cheap kind but they have the grip coating and not the ultra smooth slippery surface.

Finally, at cessation of my contracting team to present SFR rehab applications, these could be assigned to the Apt inventory in lieu, so I'm not concerned about manpower.I'm just looking for some solid real-estate-oriented "getting in the game" advice from someone with the empirical substance ease my entry.

Terron Winn, my take is that people who are highly motivated, persistent, quick learner and action oriented succeed.

Do you allow shoddy work to be done on your home, and just sweep it under the rug?

@Jean Wilner oriental check with your current homeowners carrier.

Philly, specifically, is a great market for the detailed oriented to compete in since the property values change on a block by block basis.