to anyone that says this was beginners luck- " The harder you work the luckier you get"

Remember the harder you work the luckier you get ;)Natedog

When your Tenant threatens the owner, a neighbor, or anyone else, your PM should have a policy that cracks down on it immediately.I suspect you've been even luckier than you think.

I find the more action I take, the "luckier" I get.To get started find a high performing team and outwork everyone on the team.

As my good friend Gene Hacker said "The harder I work, the luckier I get. 

Harder I work the luckier I get, right?

@Ryan Billingsley The Harder I Work, The Luckier I Get

@Mohamed Hersi  59 Years young and real estate has treated me well.. seems like the harder I worked the luckier I got...

The harder you work the luckier you become ;)

If you did that and your appreciation only improved $15,000 over 10 years, you might be doing something wrong and might want to spend the $40-50k that were not spent on insurance and taxes on something that will improve the value of the home from when you bought it ten short years ago.A bit more realistic:If instead of rent inflation and property appreciation of 1.0% each, you happen to get luckier with 1.5% (instead of 3% or 5% that a good area might see over time), the numbers improve to a return of 4.7%, still assuming 80% expense ratio.What if you can lower your expense ratio:Let's stick with the 1.5% inflation on rents and the property appreciation of 1.5%, and you decide to change one thing from what I just wrote, and you're going to work to lower those expenses knowing this is a 10 year investment, and in doing so you lower your expense ratio from 80% to 70% of rents. that returns goes from 4.7% per year over 10 years to 8.9%.If you are more successful, here are your returns on the declining expense ratios over the ten year period.60% = 13,2% return50% = 17,4% 40% = 21.6%35% = 23.8%30% = 25.9%One more scenario...