Quit leasing cars/trucks or buying them with financing, only the necessities.

Further, though I don't recall reading this in my textbook on labor economics, I expect a reduction in people's living expenses by removing the necessity of rental payments(by passing an eviction moratorium, for example) would have a similar impact, but I'm just hypothesizing here.

For an investor looking to own 60+ units in the future, I agree that having a PM is going to be a necessity.

Do what best fits your business volume and necessities.

1) Yes, property management is a necessity if you want to scale your business.2) Every partnership is different, on this deal both partners put up 50% of the capital for 50% of the equity.

They are likely hocked across the board out of necessity.

From my perspective, investing in your self-betterment and education is a necessity.

@Joe Villeneuve  I get your strategy but I don't see the necessity to sell if you are sticking with SFR's, just refinance and save the realtor fees. 

Now if you were running a petrochemical factory, an amusement park, or a grocery store; then I can see the necessity of software.  

This is a freebee for subscribers to The Allen Letter which many community owners consider an absolute necessity.