Everyone has to live somewhere. Fewer people have credit. Less people are willing to take risks. Times are tough. Bad news, right?
Not if you own rental property! Even though the US Government has been trying to close the #1 path to wealth, smart people are still buying properties and renting them. Even smarter people are buying them, and having a management company rent them! The number one reason for people to get out of the rental business is dealing with tenants- which is a necessary part of the rental equation.
With lower prices in the housing market, there are beginning to be some bargains that look like decent investments. Of course, you need to remember the 100 to 1 ratio. A house that brings $1000 in rent ought not to cost more than $100,000. It's simple, but will put you in the right arena for profit.
