You have to remember that the uncertainty creates anxiety...which leads to possible irrational behavior...meaning tenants default to self-preservation and will do everything possible to resist change....not saying your tenants will do this, but keeping them informed will make everything run smooth.HERE is a doc we provide to all tenants of occupied units (specific to my state)

However, if you’re like me and are squeamish that homebuying has become irrational — plus, you’re here in California — here’s some solace: at least the Golden State isn’t leading the nation in this unnerving buying binge.How a Denser Los Angeles Can Still Look Like Los Angeles.

You don't want to go in blind, because then you could be making an irrational and uneducated investment that ends up costing you too much to salvage. 

Don't make an irrational or uninformed decision, but just be ready to act quick, making sure you have all your ducks in a row.  2) If you know you want to stay in the northern suburbs, then perfect!

Philadelphia is a tough city with complex, irrational, dynamic landlord-tenant regulations.

But I agree I think a passion is critical for success at anything.. an irrational passion is even better :) 

Average scenario 25% vacancy rate, average $575/night, and taking accelerated depreciation for the income tax savings (which are all but guaranteed so long as we can put the place on the market by the end of the year) gives cash on cash of 33% per year and IRR at 5 years of 56%. 

I have an irrational love for old houses, but this looks like a lot of work for me.

You would be surprised how many young people think just like you and keep it to themselves out of fear they will be told they are wrong, irrational or dreaming.

Therefore I cannot and will not, even if some here think that there is irrationality involved.