One of the best asset classes for income-focused investors is master limited partnerships. These assets are somewhat underfollowed by the financial media though and thus somewhat misunderstood. These firms generally enjoy somewhat stable cash flows and pay out a sizable percentage of these cash flows to their investors in the form of distributions. In addition, many of these firms have reasonably strong growth potential, which is particularly true for the ones that operate in the midstream space. It can be difficult to pick and choose among the various companies in the industry though, as some