Some other ways to make money on your rental properties:-coin laundry in the basement or each unit-offer Internet service for a fee; while water, cable, phone, electric are all regulated and you cannot sell at a profit to your tenants, Internet service is still unregulated.

I had no idea this type of thing existed but it will help me to watch my back in the business.Joseph

I recently purchased a new duplex with an existing tenant (on last month of lease).

Great deals do exist.

What are the regulations specific to you State in regards to Re-financing?

I haven't looked back ever since.However, I think referrals from existing tenants works the best.

Check with association regulating repairs.

Home prices in various metropolitan areas for the 2nd quarter -- there are still some double digit growth markets, but if you look at the overall, growth is small or non-existent (the midwest is pricing at 2% lower since last year).http://money.cnn.com/2006/08/15/real_estate/metro_prices_table/index.htmWhat does this mean, especially coming from me?

* Before you sign the lease, obtain a copy of any rules & regulations

Get as builts if they exist for water and sewer, if not try to determine what condition the lines are in and what repairs have been done.