Just goes to show you that to some systems and laws are merely new challenges.

Hey, it sounds like you have had a few challenges in your rental properties.

Sounds like you were doing pretty good if you made $30,000 doing it while in college.The biggest thing I can tell you at this point is learning as much as you can and networking as much as you can.

Hi...The biggest issue you could run into is the # of properties you have financed.

Ironic that Joe Soap is held accountable but our banking executives who helped perpetuate the biggest ponzi scheme this country has ever seen aren't.

I sure do appreciate your input though - i am not challenging your advice, but rather just trying to find the reasoning behind it.

One of the biggest things holding me back from getting started with investing is that I don't have all of these contracts.

I'll leave it to the reader to decide which is correct, but I certainly think that these wild claims must be challenged every time they come up.

Then you need advertising money to find your investor/buyer (classified ads, signs, etc).Your biggest expense will be the marketing costs to find a deal in the first place.

If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.