Many owners of C/D properties convince themselves that they are achieving significantly higher rates of return on their properties when in reality they are merely neglecting to account for their time. 

This site will give you the tools but only you can make your dreams reality.

May be more cost effective to add the water expense to the rent.That's certainly something to factor in, but in reality you're going to be limited by nearby competition as to how much you can recoup in the end.

In REALITY, no.

So, in reality you are less likely to get in trouble with a checkbook plan - so long as you are willing to stop and ask questions if you are unsure.  

Assess the reality, not the potential.

I have decided to take this action and make it into a Reality!

I watched enough reality shows to say I know the basis but not enough to go out there to do myself.

The funny thing is that while IRR can be very precise, it can also be very misleading in the hands of someone who understands how things work but means to steer the investor away from reality.  

The strategy being that many of the folks that bought in that time period have seen substantial appreciation, and are now 4-5 years into the reality of being a landlord, and some want out.Taking that idea up a notch, is to focus on out-of-the-area owners, as being a remote landlord is harder.Up a notch further, is to drive by a handful of those every day looking for ones which are vacant or in dis-repair.