Featured: Steve Davis

• 3-2-2 (bedroom-bathroom-garages) is the number one leased (rented) property in the USA. For South Africa, my personal experience believes it's 2-1-1. Important to take cash flow deals that match those most popular for rentals.

• Partnerships suck, but we do them if done exactly right only. Be cautious with family, because it can split family members. If going with a family member, have everything (roles, responsibilities, liabilities, etc.) written up front and signed. Also, if going with a family member, better for one to be the lead investor and the other a silent cash partner.

• Good deals come down to cashflow and comparables (what other similar units SOLD for and what they rent for). Make sure that rental income minus PITI (Principle, Interest, Taxes and Insurance) give you at least a +$200 cashflow. Also, refurbish completely and then let the tenant be responsible for maintenance.

• Have a goal of retiring in 5 years of when you started. It's possible and should be the goal.

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