Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could.

I love how specific your goals ate.

What ate your goals? 

warning, not for the faint of heart or those who ate, are eating, or going to eat anytime son!

These things ate into my cash flow even without a mortgage.

Better than before, but still, the carpet was 4.5 years old and I never once wore shoes in there or ate or drank in carpeted areas.

May not be the cheapest around, however they have a great success ate of people that pass their exam the first time through.  

You name it, we've eaten there, and we always ate the best: Lobster, crab legs, crab cakes, steaks, etc. etc.

Nathan,My private lenders look more ate the property value.

Unless you are buying land and water rights on a Ted Turner scale (or maybe somewhat less than that) there probably isn't much opportunity to make money buying water rights.Just my $0.02.