The key is in saving early on and reinvesting heavily over the long haul.

Not trying to run a commercial for lawyers here, but bringing the need of counsel to an appropriate economic consideration in doing business.What other aspects of legal counsel apply to RE, how do you minimize legal costs or view them over the long haul?

Yesterday, one of the neighbor kids was playing outside with his brand new Christmas toy.

Property managers are there for the long haul and won't paint unrealistic pictures that they can't perform on.

When you start to add all these up along with the standard expenses, over the long haul, from what I've absorbed through MULTIPLE sources, you'll be looking at 40-50% gross rents.

I can cut down and haul away anything I need to.

If you really want to buy and hold for the long haul try to limit partners.

My rule; if you are that forthcoming, you are a terrific risk ... it is the ones that hide the truth that are the problems.If I do meet with a prospect face to face, I pay close attention to how new the automobile is, the jewelry, the toys, i.e. cell phone, and the clothes - are they designer clothes.NOTE: I once read more than 50 percent of people making less than poverty level wages own a smart phone.

I haven't toyed around with many ideas just yet.

For example, all the key technology to replace a big chunk of the 1.7 million long-haul truck drivers exists today (in Google's self-driving cars).