Now, I happen to think we have a pretty good deal on this, but they come up occasionally. 

I closed on my first property last June and have since had the water heater and furnace stolen, repairs over budget by about $7k to get the CoC, and now have a tenant that occasionally pays rent.

With the vacation rental, you can use it yourself and enjoying it occasionally.

We all know the incentives to keep this ponzi scheme, of the debt bloated fiat system that is not sustainable, going.

Tenant said the dryer also makes an occasional loud clanking noise.

The tree keeps growing and producing more fruit(money) over time and you still have the tree which is likely worth more than when you acquired it.You have to make sure it is watered and fertilized and maybe pruned occasionally.

At this rate, you would need to put down 35-40% to break even in terms of monthly cashflow, with a slight cushion for some minor repairs and occasional vacancy.Another challenge is the acquisition cost: typically $200k per door, which could go up to $300-350k/door in desirable upper-middle-class areas.

On a personal note, my main hobbies are working out, playing guitar or drums, and occasionally hopping on Xbox Live to play with my brother and friends back home in the Mitten.I am an introvert, but I do still enjoy meeting and talking to people. 

Even strong sponsors strike out occasionally.

If you can come across these deals without having to do all of the front-load work by working with wholesalers or having bird dogs on staff, is that just as interesting and worthwhile as the occasional unicorn you're fighting the mob for?