On the other side of the coin, if you can find properties that are a little tired and perhaps need a minor make over this can be a big win, shorter time frame to rent.

On another note, I have been going through the forums, and the states that keep getting mentioned are TX, GA, MS, CO, IN, and FL.

It's unfair the way many renters like to depict landlords as Scrooge McDuck swimming in piles of gold coins and not working for their money while in reality a small percentage of the rent actually makes it into a landlords pocket most of the time and it's actually a lot of work to start up and run a successful real estate investing business.

Great marketing, by the way, to coin the phrase. 

I will take the opposite side of this coin.

The problem I have is that any variation of the word 'invest' makes my wife think that a coin flip will lose us our entire life savings.

He's at his desk opening money bags, counting coins singing:Ringle, ringle!

@Frank SanchezDUDE you are sitting on a gold minethat is so coolit's all what they call rough cut and you cannot get that anymorepull up all the flooring and sell it and you should be free and clear on the property-that's what it is worthnot sure what you are doing with it but that type of flooring is dated 1865 or so, if it tongue and groove(honed by hand) it is worth more than gold- or it could be a 50's era slab plate is what it was referred to and it also is worth coin- it might even be a pallet floor which was popular during the depressionfinish it the best you can or if it is a tear out make sure you don't break up the tongueenjoy

LOL I will toss a coin on which there is a better chance of collection from? 

Originally posted by @Rob Bianco:I bought a 4plex in December that has 1 water line so water is included into the rent and each building also has it's own coin operated laundry machines.There are approximately 10 tenants in the 4plex and we've had a few turnovers the last couple months but water usage since June has nearly tripled.