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I have a lot of rentals and I have been flipping since 2008. It was pretty profitable but the margins are thinner as the prices are still dropping. As well as the stuff you can buy is not as nice as it was in 2008 and 2009. Stuff that sold for big money in 2005 has been pretty beat up by 2011.
I have been adding rentals every year. You cannot beat the rent to price ratios right now.
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