I got to talk to one of the wealthiest apartment owners in my state a few years back. He gave me a lot of details of his financial formula, which was really interesting.

But one thing is found critical is that he always made sure his apartments were priced at the low end. He’d rather make sure they were all full all the time instead of dealing with volatility.

The man is hugely successful and they just named one of the colleges after him at my University.