@Rene Bee is it a long term rental?

You'll probably take a loss, which stings, but you will have learned a lot.

Take a look at this great post that Real Estate Bees put out today!

She is content as a worker bee.

And again thanks for your input, some people ridicule without educating so at the very least I am able to learn from this sting and move forward in confidence. 

I was misguided and under the worker bee delusion that many 9-5 workers are institutionalized.

Coming out of last year and how tough it was in REI, I think its going to be a lot of resetting of expectations with clients, at least from what I’ve seen so far this year.Wow mate,That’s gut wrenching When something like that happens, it still stings me to this day and I’ve seen and heard it all over 12 years of running various RE businesses.Never took S#%@ from investors and never will but the S#%@ still does sting to this day ehhhHas cost me millions but worth the price for not having to kiss A$$Life is too short for that 💋 

He has had multiple failed properties like Southwest Crossing at Bee Creek (TX) in which a $100,000 investor with cash calls didn't even recover their full cash call amount at the end, while he continued to collect management fees right until the very last month of sale. 

Like Emily said, a number of shocking facts (or not so shocking to many landlords) have come out in the press recently on how few Americans can come up with a thousand or even four hundred dollar in an emergency....A FINRA study on The Financial Fragility of Renters was just one (with lots of stats).So no downpayment is a big one, as is credit score, and even with those who have resources, they  may want the flexibility to move or freedom from extra work or costs of maintaining and repairing the home.Even items like student loan debt or fear about the economy hold others back (still some out there who feel the sting of the housing bust).

Factoring in 8% for a piss poor property manager will sting, and could be the deal breaker.