A furnace breaks and no $ to fix it, tenant's leave, "seller" say "wtf, why is there no payment on the mortgage" and buyer says "well, I have no rent's coming in, furnace broke, it was like $8k to fix it, i don't have $8k, i was getting $300mnth, I have $1,500.

The first speaker talked about real estate; he started with a long introduction about how he become rich from a college student with debt by investing in real estate-- the theme of the story: education makes you broke, and you have to get a financial education.

It's performed well (except for the air conditioner broke) but was also more work than anticipated.Part of the question with regards to house-hacking is your current living situation. 

In the end my buddy and I nearly broke even after we included the monthly payments that we collected.

Thus we broke two rules.  

I started playing it with my girls years ago to build a base for them.

Of course that was right when covid hit and my tenant lost her job and moved out of state because she was broke so I wasn't getting any money out of her either.

One of the girls on the team didn't know how to comp.

did 3   one broke even only because sponsor made everyone whole at exit which I suspect is quite rare.other two are perking along.. these were Class A apartments in Upper mid west promote was not some sky rocket return and frankly I can do better on my own.. but it was end of year so I was looking for some cost seg. 

Look up how many pro athletes who clocked 7 and 8 figure annual incomes, went broke.