Because if you think about it if it appreciates 400k over 15 years that's a long way off of eating 9k in cash flow.

And even if the tenants chooses to stay in your property for 2yrs, the damage they may cause will eat away all of your cash flow and leave you potentially upside down.

Grocers must eat the loss of their fresh vegetable or frozen foods during a power outage.

And eat great food.The Homeless are at the beach all day long - everyday, and don't have to pay property taxes.

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

A special month at night stings the top leader of a seedling and lays an egg. 

This can eat into your profits significantly. 

These will eat away at any "cashflow" you may have.2.Tenant Issues: Properties in certain areas may face challenges with tenant behavior, making it tough to maintain the house long-term.

You can watch the sea turtles lay their eggs on the beach or watch the  turtles hatch and make their way to the ocean.  

For the person with little to no wealth, just getting started, putting their eggs in one basket and watching it carefully makes more sense, likely up to the first $500K - $1M.