Depending on the residential rental demand in your community, rental houses and apartments may or may not be a superb real estate investment opportunity for your situation. Some towns have an oversupply of rentals (such as Phoenix, Ariz.) so rental houses and apartments obviously aren't great investments where there are too many rentals available. The same principle obviously applies to other types of properties, such as office buildings and warehouses, where there are lots of "for rent" signs.

Personally, I've done quite well with rental houses for many years.  more...