Account Closed Yeah the challenge I am facing is almost every property I have found is either way overpriced to be profitable, priced reasonably but in a high HOA area that eats the profits, or cheap but not in an area that can draw the rent (or tenant type) I am looking for.

Building was reassessed, so taxes went up, eating away at my non-existent to negative profit margin, and making this financially more precarious. 

You made a mistake and you are just going to have to eat that cost.

I am not making any $$ on it, really, because after repairs, vacancies, etc. it eats through my generated income. 

If the tenant or one of their invited guests didn't hit it, then you have to eat the cost unless you can find out who did hit it. 

To close 300 plus properties would take enormous staff and help and would severely eat into commission return before taxes.I am more about earning large pops of income thereby giving me more time to enjoy life.

That would mean you as the landlord most likely would be including the utilities in the rent and that can eat into cashflow.

About an hour later one of the agents came up to me and asked why the ****-eating grin?

Same goes for cable TV and eating in restraints.Most people live pay check to pay check by choice.

I understand that If I buy residential I can lock in a fixed rate but the rising interest rate does eat into cashflow.