And, if the RE guy flips the property and moves on to the next on, that is better and may serve as a construction company, but the rehab guys usually don't work as often or produce the benefits of a factory assembly line.All said, RE is on the bottom of rungs of the ladder in a way as investors tend to go with RE cycles, seasonal work, inventory fluctuations, it's just never been a steady employer like a drug store or lumber yard or small factory.

Also, Realtors who are investor-minded can be helpful to new investors because we alleviate some of the stress associated with locating, negotiating, writing up contracts, and closing the deal.

Wads of cash representing amounts of drugs pushed or hours spent at a soul sucking job don't make a life worth living.I think your example is great in that you're teaching your kids about responsibility, cooperation, family values and they're not just learning financial principles, they're INTERNALIZING financial power and freedom through all these things.Did you know you can deduct everything your children are doing?

When it comes to getting rid of neighborhood drug dealers or unsavory activity that affects your investment, I like Rule #15: Always work as a team.For various (often silly) reasons, we shy way from working with neighboring landlords and property owners.

There is neighbor resistance to special needs, particularly when you are talking about violent behavior, sexual behavior, drug & alcohol treatment, or prison halfway houses.

Drugs and booze, sexual preditors and all the undesirable factions will be lumped into the category as those being served.

I had drug DISTRIBUTORS (a level above dealing), a murdered tenant, etc.

As David said, big salaries are like a drug, I know many in my industry that stayed in jobs they didn't like for years just for the salary and could never cut the cord.

Another issue is drug usage, sale or manufacturing are sufficient grounds for an automatic termination, in fact here, it's an immediate set out but the landlord will need to prove it.You do have the right to enter for repairs, treading lightly on the tenants right to quiet enjoyment, but things can be miserable to the point of a tenant wanting to break a lease too.The story of an Executive Director of a housing authority property is true, where he removed the front door to make repairs to it and the tenant left.

This time it's drug/alcohol rehab.