It's all back now plus more, but that hit added a year or two to a significant goal I was on target to achieve by 2013.Indeed, double digit growth will be hard to maintain as net worth increases.

Are you an advocate of concentration to grow wealth and diversification to maintain it?

Let me break this down into a few parts:Roof, Parking Lot, Building Structure - generally, while the Landlord is responsible for actually maintaining these items, the COST of maintaining these items AND the COST of replacing these are put back into the CAM charges, and are not really an expense to the Landlord.

A maintainance man set an equipment room on fire that sooted the electrical service panel to about 50 units....the afternoon before Thanksgiving.

Steve's example of flipping 30 homes while maintaining a 50 hour a week JOB is very out of the ordinary and quite extrordinary.

I think our long-term interest is better served by erring on the side of fiscal responsibility right now and maintaining our ability to wage war in the future with big enemies.

It also spells out, in detail, the responsibility of the B to maintain the property which adds value to this type of transaction.

Meanwhile, maintain enough funds to do at least 2-3 flips per year, being very selective.

You already know that the seller is not going to do anything that will cause this tenant to move, and he probably can't, anyway, unless he invokes some clause in the lease about how the property is being maintained.

Property ownership in a properly maintained and properly set up entity does make a huge difference where liability is concerned.