Many Americans dream of financial freedom, but they’re stuck in dead-end jobs and don’t know how to get there. You don’t need to be one of them. If you invested $35,000 in the stock market today, it could take 52 years for that investment to grow to $1 million. But if you invested that same amount into one single-family $140,000 rental property, it would only take 19 years. With just two rental properties, you could generate $417,000 in profit in just 10 years. Skeptical? Good, because that’s the first sign of a smart investor. This book will tackle that skepticism head-on... and give you confidence and a path to financial freedom. THIS BOOK WILL TEACH YOU HOW TO: Secure your investment money - Find your ideal market—and a positive-cash-flow property - Efficiently manage your property - Handle your record keeping - Boost revenues and cut costs - File your taxes using a step-by-step process - Build your real estate portfolio 10 Easy-to-Follow Steps for New Rental Property Investors  Ken McElroy’s “ABCs of Buying Rental Property” is a must-read for anyone thinking about investing in rental properties to increase cash flow and build equity in your portfolio! It’s an easy-to-follow book with real estate investment return charts and relatable case study examples for primarily a new investor. Based on 30+ years of experience and success, McElroy walks you through 10 practical steps with everything from setting up your business, getting investment money, finding your ideal property, maximizing your tax savings, boosting your revenue, and building your rental property portfolio. As part of the Rich Dad Advisors Series, this book fills the financial education gap that was so needed in the series for the new real estate investor! To increase your Financial IQ and returns, buy this book and all the Rich Dad Advisors Series books! ~  Liz H. Kelly Excellent real estate investment information. A must-read if looking for stock and 401k alternatives. ~  Angeline Marie Ken is the author of the best-selling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and The ABCs of Buying Rental Property as well as The Sleeping Giant and Return to Orchard Canyon. He is also a contributor to The Real Book of Real Estate by Robert Kiyosaki and Midas Touch by Donald Trump and Robert Kiyosaki: A gifted speaker, Ken has inspired audiences around the world with appearances for various programs and leading industry events and has been featured on hundreds of syndicated radio and TV programs. He is an active member of EO (Entrepreneurs Organization), holding several board positions. Ken and his family reside in Scottsdale, Arizona. Ken is also a Contributor to More Important Than Money, An Entrepreneur’s Team (Rich Dad Advisors Series, RDA Press). For over 2 decades, Ken has had massive success in real estate investment analysis, property management, acquisitions, property development, business development and client relations. With over $1 billion in real estate investments, Ken is recognized as a financial educator who offers a unique perspective on how to get the biggest return on investments. Never taking life for granted, Ken actively gives back to the community. He has served on the advisory boards of Southwest Autism Research and Resource Center (SARRC), Child Help, and AZ Food Banks, and was the Walk for Autism Speaks Chair. McElroy and his work have been featured on FOX & Friends, Cheddar, ESPN Cover Your Assets Radio Show, and in Forbes, US News & World Report, Yahoo Finance, and other media. How to Reduce Costs If you can’t raise rent rates to keep pace with inflation, then try to decrease costs. You can start this process by looking at a list of expenses on your property. 1. Your Mortgage or Equity Loan Rate Is it too high? Can you convert your equity loan into a conventional mortgage, which normally should decrease your interest rate?  Check to see if the monthly payment is lower even though you have to pay for closing costs. If so, that might be a good option if you plan to hold on to the property for at least five years (a general rule of thumb when it comes to paying closing costs and points).   2. Taxes Is your property being overtaxed?  You can check this at Zillow by looking at the values of homes located around your rental property and checking the tax records of your home compared to the others.  If your property is paying 20% more than others that recently sold, you might file an appeal with the property tax assessing authority.  You lose nothing if the authority rules against you.  3. Insurance Home insurance rates can vary greatly from company to company.  It’s easy to get new quotes.  If you don’t want to do the legwork, contact an independent insurance agent, who can search scores of companies to find you the least expensive option.  Be sure your property isn’t over-covered — that you are not paying for more coverage tha