@Joel -I see your point on maintaining the property and watching your pennies.

•providing you with monthly and annual financial reports, so you always know how your property is performing •tracking and invoicing tenants for CAM charges •maintaining and keeping your property in exceptional condition and undertake specific preventative maintenance processes•professionally marketing your property to minimize vacancies and maximize income via my numerous industry related affiliations and web presence •overseeing the leasing process (if requested) finding qualified, suitable tenants, and professionally managing every aspect of the landlord-tenant relationship •overseeing initial tenant improvement installation and/or renovations •collecting rent and late •ensuring that your property complies with federal, state and local laws and regulations •maintaining insurance policies for the property and coordinating the payment of all property expenses •responding to tenant requests in a prompt and professional manner •providing you with a successful advertising strategy that keeps your property rented •credit and background screening to insure your property is respected •cost reductions- your property will benefit from detailed expense reviews and wholesale pricing for re-occurring and non-recurring expenses.

BUT, they asked us a few times if we owned other properties because they appreciated the way we maintained the house they were in.

From what I have read about historical district properties, they are a little more expensive to maintain since the work needs to be in accordance with strict city guidelines.This is what I found on Wiki..http://en.wikipedia.org/wiki/Historic_districts_in_the_United_States#cite_note-nythu-16

The house I'm planning to make an offer on is set back from the others in the subdivision so the driveway is about 3 times as long as it would normally be.It's in average condition, although there is an oak tree that seems to be pushing it up a bit from beneath at one point (I don't know which house owns the oak tree, and the house next door is a vacant REO).Would maintaining this driveway be a high maintenance cost in the long run for a rental?

I just hope he can maintain his quality character given the incredible pressure from his fame and fortune.BTW, is it true that Joshua Dorkin is secretly negotiating with TT to be a special guest at the BP Summit in March?

Of course, it would need to be done in a way that will allow me to maintain the personal liability protection offered by the LLC.  

Odds are that you won't be able to maintain 16 of them correctly and if you don't, then they are worthless. 

Maintain lock boxes.6.

I would also like to purchase and renovate a duplex or triplex and maintain for rent.