It's playing the lotto or musical chairs where if you do not have the chair to sit on you lose everything.The more middle income areas where returns increase you have to work harder to get tenants to pay the rent.

The market is strong, good job outlook, and sound economy.My concern is that with so many other units in the complex that I lose control of the condition and pricing on those competing units.

I also own a condo that I lose $200 a month renting and still owe 10k more than current comp sales.I'm considering quickly getting my real estate liscense for the education, access to homes and solve the unemployment issue.Any tips and suggestions would be greatly appreciated.

I also have to consider the extra time it takes to close, since I’m losing on opportunity cost.

Your alternative is losing stacks of those Benjamins to continued lost rent, paying attorneys and the court/administrative costs.Messing with the utilities in the dead of winter in Chicago will only put you on the wrong side of the law.

Double closes and assignments have too many players and too many variables for me.

In Memphis there are a handful of players, most of whom are on BP who all know what they are doing but their required margins vary a lot.

An example that sticks with me a decade later is some contract he had in which he was only losing $40/month or so.

We all take some pride in what we take down as a deal, I've done my share thinking I got a heck of a deal and 2 years later finding it wasn't as great as anticipated, success often lies in not losing with a decent return if you get enough of them.

You might check city ordinances to see if they have any rules, such as maximum 2 people per bedroom.If this is a family, breaking them up could result in losing the tenant.