Why do you even care that she wants to change to a 1 year lease since you were fine with it a month ago, and how does it benefit you to irritate the tenant?

I ended up getting a reduction in price because of the copper plumbing and wiring theft, so I wasn't too upset, just irritated at the additional time it would take for repairs.Then, literally the day after my electrician finished repairing/replacing the damaged wiring, it got broken into again. 

I'm in agreement with many investors that HOAs are very irritating to work with, especially when they can levy assessments on the whole complex YOU have to help pay for.

The CA has was 25% LTV, so not much leverage.I checked your number and this is where it gets really interesting, so basically a $2.5M house in 2010 era, but in 2023 is "only" $3.9-$4.9M :-)In dollar value it's incredible, but in term of gross IRR it is like only 7%-8% IRR. 

But typically with a Po Box, an angry tenant, Irritating Investor or once you start making the big bucks and become Accredited....thats when it gets crazy....all types of charities, organizations, and beggars could be knocking directly on your door.

Too many people taking advantage of it and it's irritating.

I've always thought Facebook was oriented to "joining" groups and people would get irritated if you randomly plopped real estate ads. 

I try to find 25 years and up. 23 year olds I've had weren't very mature and ended up whiny, messy, irritating, and didn't understand how much things they damaged or broke cost.

As for why GPs love IRR. It

The value of the apartment is in the cash flow and IRR it can give me.