Gray is a very hot color right now.How about a milk chocolate brown with creamy white trim?

In a pinch, a couple of crescent wrenches would suffice for your around the house jobs.A circular saw is very handy if you're doing any serious carpentry.

Diversification of the types of units you own and staggering of leases, just like what Bill Gulley said.Personally, I always try to be conservative with my cash reserves because running into a pinch would be a worst case scenario and if I find a new property I like, I want to be able to move quickly.

I'd never seen a painted wooden floor in the living area of a house (other than a little checkerboard thing I had in a bathroom) before getting into this business, but they're quite common in lower end and Section 8 areas in these parts, done in a chocolate brown typically, with area rugs, it looks pretty good and is very cheap to re-do at the turns.

It comes with: hedonist chocolate, a neighborhood dog dish & nalgene bottle, locally made soap, a free drink from the local pub, a history book on the neighborhood, and a few other trinkets.

So be prepared.My first purchase was a 6-plex with 5 month-month tenants, my wife and I moved into the 6th vacant unit.Unit 1- transitioned to a lease, they stayed 3 yearsUnit 2- immediately gave notice because I knew they owed months of rent to the previous LL, they moved out, no hassleUnit 3- stayed for a few months, then moved out in the middle of the night....Unit 4- got lease, moved after 4 years for work. great tenantUnit 5- moved after a year to buy a house, great tenants.It can be a box of chocolates man...I haven't done a many deals, but it seems that 90% of the time it won't be a "text book" transition, everything is in motion, I suppose that's what make it interesting..

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The big gift - 6 bottles of wine and chocolates - go to the property management company, my new BFFs.

Two choices, chocolate or vanilla, which should I choose?

If you get in a pinch, they usually have someone they can call that wants it.That does come at a price.