Here are some simple things to do to mature your property quickly.

1. Raise the rents to market rent. In most properties, the rents will be below market.
2. Pay down the mortgage. This will happen over time anyway but you can speed up the process by putting more money toward the mortgage.
3. Fix-up or remodel the units so you can get higher rents. This is a capital expenditure that pays off in two ways.
   

   		The units are more appealing so you can charge more rent for them.
   		The building should get a high equity value when you go to sell it.

4. Clean up the exterior of the structure. If your property has street appeal it will get higher rents.
5. Refinance the property when interest rates drop.

Here are some tips for buying an income property.

1. Look for a property that needs some fixing or hasn’t been maintained properly.
2. Look for a property where the rents are below market.
3. Find a seller who has to sell the property (i.e. immediate life changes (The Three D’s – Divorce, Death and Disability). Seller’s that are just moving up the property ladder and have a mature property can wait forever for their price and have no need to sell. You in all likelihood won’t get a good deal from them.