Brett was his partner.You can't clean up your reputation by running away.Preston got to reap the rewards when the money was flowing at GEG.

And yes the higher the barrier to entry, the better the return (reward). 

You do the work and reap the rewards.

@Stephanie Jacobson it will only encourage and reward slumlords who don’t put a dime into their properties or properties they buy because they charge cheap rent.These properties usually become so untenable that they become vacant and boarded up.

Originally you looked at the investment as a risk vs reward and decided to invest.

Hopefully, 2025 will reward us all who have stayed in the game. 

If an asset is throwing off a certain yield that is not commiserate with it's risk, then investors will then begin paying more for that asset, thus decreasing it's yield....or start paying less for the asset which would increase it's yield, until it was at the proper risk/return rate to produce the yield that is truly reflective of it's risk.The problem is novice real estate investors get the risk/reward correlation backwards.

I don’t know why anyone would take that risk for little reward.

But no risk, no reward. 

But if you can find an investment that pushes out beyond the next 2 or 3 years into a  “different” financial environment you might have a better risk reward return.