They tend to sit on the market.

If everyone could sit back, find real values on line, and make offers based on those values everyone would get rich flipping properties.  

We've have about a 20% response rate and our delivery rate sits around 95%.

As you recall, I spent $1,130.00 for the removal of the tree, stump, petrified wood, installation of more gravel and labor associated therewith.

They can basically just sit by the fire and wait.

If you pass the Zoning department review you get to sit and wait for another Intake review only to leave your 10 copies of plans and survey for another 3-6 weeks turn around if you are lucky.... final processing/ typing and payment for your new shiny building permit.  

I send tenants to collections because I get the comfort of knowing it sits on their credit report for many years and prevents them from getting loans or cheating another landlord.

Say you got a property at $250k, it's done well over a decade and now your sitting a-top $225k in equitable returns.     

The concept sounds like "Equity-like returns without equity-like risk.”Preferred equity investments, which sit between senior debt and common equity in the capital stack, also see increased interest.

I would advise sitting down and putting the costs in front of you, are your lease lengths 15-24 months at a time, are your tenants low risk and likely to occupy or break lease, things to consider :)