We were fortunate enough to be in the hands of an amazing and well connected real estate agent who we were able to find from referrals from a Lafayette real estate agent we had developed a decade long partnership with. 

We were fortunate and never had a day of vacancy, UNTIL my last tenant of 7 years fell off the map.

Fortunately for our client, the conversion was "grandfathered-in" and they were able to continue to rent out both the SFR and the studio garage unit.

We are fortunate to have found a place with great tenants who take great care of the place and want to stay there.

People are under the impression they will make a fortune holding on to these empty lots, but I am not so sure.

(Investigate the presence of Fortune 100 companies and industry diversity, using resources like metropolitan council reports and broker websites (e.g., CBRE, Colliers).)Affordability: Ensure household income has grown at least 1% YoY for the past 20 years.

Fortune favors the bold.

I have been fortunate to work with a Realtor who is very connected and have been privy to some good data from successful properties that has us encouraged .

Fortunately this was more than offset by the winning investments I made.  

Account Closed You are absolutely correct that fortune favors the bold, but the bold are few and far between.