The first and best piece of advice anyone will give you, when embarking on any form of new venture and not just the property market is always: never invest all your capital. You should always keep something in reserve for unforeseen circumstances. Landlords especially need reserves for bits you dont think of like repairs, lease agreements, landlord insurance.At one time people felt that by investing in their own home, they would have done enough to take care of themselves in their old age. However on of the downsides of the property boom that it is equally difficult to downgrade as it is to buy. That is why more and more people are investing their capital in the best investment that there has been around for a long time- property investment. The simple rule that the property dealer had to always remember is in order to become a success in this market a modus operandi has to be established, and there are steps to go the process of buying and selling a property that should always be followed if maximum profits are to be realized.