I'd be concerned about the expenses listed, the age of mobiles and the mgmt.

I did all this Because I could no longer bear the fact that she is still working at her age!

This particular house is my home, but the roof on the rental is the same age and I want to replace it now, too.

The scratches all but vanished, dents blended in and looked natural (these are older properties, so the "aged" look is very acceptable), and everything was renewed.

one more question matt, do you happen to remember the ages of the homes with the oil tanks, or was it disclosed to you when these tanks were buried?

We ended up with about 10 properties by age 30.At one point I got some unsecured lines because I had proof of a history of success.

Geoffrey I am not sure of your age but will assume you are young with no kids....I started out fairly young myself, bought my first investment property @ age 24.

You where crazy to be living at home at age 30...

I'm not a fan of specialization in any method to acquire inventory, like foreclosures, a good investor can acquire a quality property from any source in the market and buy properties that aren't really identified on the market, for example; from an aging landlord who you spot cleaning out a rental or a wharehouse that has been empty for years.

Social responsibility of the investment (27%)Some of the commentary in the article about the survey;55% said it is more important for them to protect principal rather than grow investments (up from 44% last year) .Not surprisingly, as far as risk goes, those over age 65 take the least amount of risk and those under age 45 are willing to take the most risk.While social responsibility is lowest at 27% it is growing higher each year.One other interesting tidbit they included in the article was a list of factors that these high net worth people attributed to their obtaining and holding their wealth;96% say Hard Work - is the main contributor to achieving their wealth91% Education - is main contributor87% Smart Investing - is main contributor61% Risk TakingIn a show of growing confidence, they found 42% of these folks are willing to take "significant investment risk" on a portion of their investments this year.