What happens when you go to jail in Monopoly?

What happens when you go to jail in Monopoly? If the player does not throw doubles by his third turn he must pay the $50 fine. He then gets out of Jail and immediately moves forward the number of spaces shown by his throw. Even though he is in Jail, a player may buy or sell property, buy or sell houses and hotels and collect rents.

If the player does not throw doubles by his third turn he must pay the $50 fine. He then gets out of Jail and immediately moves forward the number of spaces shown by his throw. Even though he is in Jail, a player may buy or sell property, buy or sell houses and hotels and collect rents.