If only apartment investing was as simple as hiking. We hiked the Fourth of July trail to Icicle Ridge a couple of weeks ago. A trail marker told us where to start. The trail is well marked, so it would be hard to veer off course. And it was easy to see when we were at the top. Apartment investors don't get such clear signals: When to buy, where to buy, or when to sell. But hiking and real apartment investing do have some things in common.

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