A guide to making money in residential property, showing readers how to buy, convert or improve a property to make a substantial profit. Using the same, easy-to-follow Tips and Traps format of his earlier works, Irwin shares a common-sense approach to capitalizing on real estate investment opportunities in single family homes, condos, co-ops, and even apartments. He defines the current rules for investing success, highlights the reasons for failure, and breaks new ground by explaining how new considerations, such as crime, gated communities, changing tenant-landlord relationships and zoning restructions impact investment decisions.