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#4
Tue, March 24th, 2009, 12:12 AM
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Jack,
After my grandfather retired from Home Federal in Hollywood, FL he moved to Port Salerno, FL to retire. Port Salerno is (was) a quiet little fishing town of probably 500-800 people, most of which were old fishermen. As the old'ns died, granddad would buy the properties from their kids who often didn't want the property, just the cash. He would then fix them up and rent them out or sell them outright. At one point, granddad and grandma had about a dozen rental properties including a duplex and a triplex. So much for retirement... 
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