MSN also had a good article on how to identify good investment properties. Nothing radically new
- don't overpay
- invest for the long-haul
- factor in how many repairs you'll have to do
- "repairs" are immediately tax deductible
- "improvements" are not....the increase your tax basis (thereby decreasing your taxable profit) but cannot be recuperated until the building is sold
...but a nice informative article.