If a Dairy Queen opens and becomes a popular place, the town can now charge sales tax on each ice cream cone sold.

I got into real estate after a career around hockey (coaching and refereeing most recently).

And away they go, stomping out into the post melt down, real estate market, and down thru the ice they go!     

If there's anything special about the property, it's history or upside potential for lot development, the demand will surely push the or ice upward. 

Here is my list of tiny renovations and their approximate costs:Add automatic ice maker to the freezer ($100)Upgrade all door handles ($350)Upgrade a few light fixtures ($200)Upgrade doorbell ($30)These are not repairs in the strict sense; the freezer, door handles, light fixtures, and doorbell all work.

Remember these words " cash flow is king" when comes to rental property and appreciation is icing on the cake.

Use a Ice pick..

LOL There might be a case of Bud on ice in the truck at times.

Taking into consideration I put 10% to 20% down initially, mortgages paid down considerably, I made back 20 to 30 times the initial investment.So, in answer to your question, I make my killing on appreciation, and the monthly cash low is just icing on the cake. 

This same department has cited us for $250 lawn care for an abandoned property next door to another rental we own & again we go in to explain it with a survey & again we have to go to housing court clerk to straighten it out.In another town we have been inspected & cited mid-winter for gutters damaged by ice yet the home across the road has had a torn tarp with multiple (torn shredded) layers on its roof for 5 years.