Prospering in the Housing Bust

The boom is probably dead. But you still can make good money during a downdraft. Here's how.
Gillette Edmunds has made good money in real estate--by knowing when to sell. Edmunds owned six investment properties: single-family homes in southeast Denver he'd purchased for around $70,000 apiece. He was leasing out the houses for an average of $700 a month, amply covering mortgage payments, property taxes and maintenance costs. Then the Denver residential market