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This is my second rental bargain. First one was owned my a bunch of rich doctors that bought long ago when it was cheap. This one is also owned by some pretty wealthy people too who bought a whole bunch of them when they were cheap. You'll usually find these people have so much money and are so...

That's what I do. Rental yields drop significantly the higher you go, so I'm renting a really nice townhouse close to town which is worth about 700k but I'm only paying $390 a week. Then I use my money to invest in IP's. I'd love to live in one of my IP's but the numbers don't add up.