I appreciate your input though, because you give me a ton to think about, and really cut to the chase as to the quality of this one.

We looked around and found a a place we love that rents for $1,375 which is more than we've ever spent on rent, but our real estate back home is doing exceptionally well so I figure we should spend a little on quality of life.

Now I will add the caveat that this December and January have been the worst I've seen in six years with respect to tenant quality, such that a couple of colleagues and I actually stopped marketing our properties in the beginning of January.

Great area...very clean, new and virtually next to no crime.

I spent my summers painting and cleaning apartments - we lived in a college town, so there was alot of turnover in the summer months.

Area is suspect, not war zone but always historically low vacancy and low quality tenants.

Kiyosaki could use a bit of training in the PR clean up department.And of course watching the trainer mentioned in the video (Mark Mousseau) didn’t help the matter.

Of course, to maintain your reputation for future business, you need to do everything reasonably possible to make sure this is a successful investment, such as performing a quality rehab, placing a good tenant, and staying in stable neighborhoods that are attractive to good tenants.2) Sell your rental property to a passive investor at a reasonable markup, where you then lease it back from them at a somewhat below market rate.

Long term goals are to wholesale and give my family the quality of life they deserve.scott

.)* Clean-up and neighborhoods taking care of themselves.