Hey there Bill.
Bill,
I know you are a fan but wait just a minute. You are on the east coast and things are very different out west. I happen to have rentals in a college town. The profit margins on rent is very good. I specialize in renting to college students. There are other towns in the Northwest that have bigger colleges and have better returns. Each part of the country has its own ways of realizing a profit. Most of the time I build new and rarely remodel older ones, I never buy a home that is older than 10 years. You just have to find what the formula is for your region. As I understand it the east coast is old expensive and slow to appreciate. Other things that help are intrest only loans and a large down. Bill you are a super stud but the world is a little bigger than you. Thanks to my wonderful airline career being in the dump I operate two home building businesses now. One is a franchise the other is my personal rental portfolio.
SkyHigh Rent Prices.