What I can tell you is I am buying some multi family and single family homes in Chicago, but the industrial market is so strong here there are absolutely no regrets in going into industrial vs. multifamily (and I looked at both).

I don't think I would advise anyone do something or not do something because it might be a "red flag" - yes the IRS has plenty of red flags, but the audit rate on most of these issues is so comically low, that as long as you have a legitimate position - take it, don't not do it just because it might slightly increase your chances of an audit. 

The Juice was simply not worth the squeeze.. same amount of equity in paid for assets for us is so much easier to handle and buying quality assets.. 

I have suggested twice that if this tenant is so unhappy with my style of management that perhaps moving out would be the best solution only to be told that I’ll have long since sold the building before they leave.

Maybe kinda high expectations though.My biggest pro is that the barrier to entry is so low for the studio condos that is the low risk worth the lower reward?

Walsh there is so much more that is simply off the charts of bad behavior or should i say Criminal behavior.

Only downside is that buying a house now is so high it's almost not worth the effort it seems.

Jeffrey, this is so refreshing to read.  

That being said the only way these low cost providers could protect themselves would be to write their programs in such a way that the benefit their work provides is so low compared to the reality of what is allowable that there isn't any chance of overstatement of depreciation, which means it would be understated and you're leaving money on the table. 

I would equate it to managing yourself when you are not set up to manage properties.There is scalability in this...Now to play the Devils advocate if you get autopayments set-up you can always figure out how much interest was paid each year and what your payoff is so just decide how competent you are in that and be honest with yourself, there is nothing wrong in outsourcing parts of your business.