@Doug Pretorius that is pure GOLD!

But they are worth their weight in gold.

It sounds incredible, so if it checks out then you struck gold.

You are the landlord you are in the power position not them you should adhere to the “golden rule “- you have the gold so you make the rules !

My "reserves" are actually invested in equal parts cash, long-term Treasury bonds, the total work stock market, and gold, which is a very defensive asset allocation that should theoretically hold its value and likely grow in just about any economic environment.

@Mary Gold if you sell your old property and do a 1031 exchange you must purchase at least as much investment real estate as you sell in order to defer all tax. 

There may be a delay to start, but all other payments are mandated by the court and paid by the trustee - better than gold. 

The author gives a ton of great nuggets of how to do what I'm talking about.Good luck!

I am sure you think you work hard for your money but  I have seen many investors who do shoddy jobs or less than quality on their flips and price like they are gold plated so let's not call the kettle black. 

Jay Hinrichs I don’t think BP is ready this morning for all of the GOLD you just spilled in your last comment.