There are many possibilities in real estate . But which property is the right property?
For example, in his book Ken McElroy in his book The ABCs of Investing, writes about someone who purchased a building without ever visiting the site, and found himself saddled with several tenants who who were bad and dangerous The investment property was in a bad area of the city where the owner should never have invested in a property. By the time he got around to contracting Kens property management company, he had already lost a great deal of potential income because of over due rental payments.