So I was sitting here thinking about ways to maximize profits on a property, squeezing every ounce of money from it per month.

Idea
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1. Bundled cable/internet service.
I know of a large apartment complex close by...

The neighboring buildings house a sheet metal fabrication shop and a truck accessory business.Given the factory/manufacturing character of the neighborhood, the opportunity for a normal tenant seems nil.

Remember the legislation that has come such Tenant Protection and the rest of the bill in Illinois as an example which says the Mortgagee must show that all alternatives to foreclosure have been exhausted.

Even though the bill may come in your name, and you may be responsible to make sure it is paid.On the other hand, I have had a hard time coming up with an alternative way to fund schools and fire departments and other things Zachary Dosch pointed out.

Many people that trade mostly in traditional asset classes are completely ignorant about "alternative" financial products and consider them risky.

My husband and I have around $160k(mine's from liberal art college & his is from nursing school, but he's didn't become a nurse, he's a truck driver) We make $100k together, currently I am the main bread winner.

This thread mentions $350:http://www.biggerpockets.com/forums/311/topics/41418-possible-issues-with-neighborsThis thread has a link to alternatives ( note that one uses roof mounting):http://www.biggerpockets.com/forums/67/topics/48239-how-to-you-secure-a-property-while-rehabbing-Here are a few (of MANY) threads that bring up theft of the AC units:http://www.biggerpockets.com/forums/52/topics/43638-neighborhood-marketing-for-rental-prop-http://www.biggerpockets.com/forums/52/topics/10655-frustrating-landlord-situation-stolen-a-c-argh-http://www.biggerpockets.com/forums/12/topics/20755-foreclosure-cleanup-manitenancehttp://www.biggerpockets.com/forums/52/topics/54352-heads-up-re-craigslist

Any other legal advice is ILLEGAL and may be very incorrect.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

As there are many private alternatives to the National Flood Insurance Program which are often more affordable."

As Marco mentioned, Texas is another good alternative.