Your best bet is to find a multi-family property that is mis-managed, has below-market rents, or needs to be renovated; then you can take the steps necessary to improve its performance.

But the master bedroom is probably the best option if I do decide to improve this home before I flip it.Damp control??

Farming does require a large time and energy investment on the part of whoever does it, but this can either be you or it can be someone you hire on a wage or commission basis or someone you partner up with.

You could make as much money managing property for others without investing the money to buy your property.Costs like turnover costs and reserves for capital improvements may not happen this year or even next but if you are not planning for them they can sink you.

So, after replacing some carpet, painting the whole place, and some other minor improvents, here's where I'm at.Expenses $9600 (including everything but mortgage)Income $17300Expenses=55% of gross rentsDuplex 2I've owned for 8 years, and it was 3 years old at the time of purchase and needed nothing but a little touch up painting at the time.Expenses $31200 (including everything but mortgage)Income $104200Expenses=30% of gross rentsTotal expenses between the two = 34% I do expect this number to go up a as the property that is now 11 years old starts to need more repairs.

The free time I have outside my job is never used efficiently.

I loved making things, and I loved being in management and coordinating and building an efficient organization.

My neighbors use much more energy than I to try to cool their houses.3.

In the end I broke even, but considering the time and energy I put into that deal I really lost out big time in the end.

Short runs for specific difficult locations (for one outlet) aren't too bad, but using flex for trunks will severely reduce efficiency.