Dabbling in real estate rental isn't much different to dabbling in livestock or farming. We read rants weekly about the"stupid city guy"that bought the place next door. What do you suppose would be the outcome if somone who had never turned wrenches decided to open a tractor restoration shop? You will never be good at much of any thing until you make it through kindergarten of hard knocks.
My suggestion to anyone thinking about rental property is hire on taking care of somone elses property first. Even if you only mow or paint,you will see many of the day to day problems first hand.
Raising race horses is an easy way to make fast cash and I just happen to have a couple I'm willing to make you a deal on. :wink:
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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