Are you referring to personal losses or other people had losses?

And while a 1031 exchange isn’t an option, some people explore alternatives like installment sales to spread out taxes or even tweaking the investment structure so your returns are treated as interest instead of equity.There are definitely some creative strategies out there. 

A few years ago there were a lot of get rich quick types, and I still get contacted by people who think they can buy 2 houses and retire on the cashflow. 

People are still sleeping on it! 

From what I could tell, only 2 people worked there and if something happened over a weekend, you wouldn't get a response until Monday.  

If you have three people renting together, combine their incomes into one to see if it meets the 3x requirement.However, nothing is that easy.

Once you narrow it down, start with small jobs to test their reliability and quality before giving them bigger projects.Building a solid network takes time, but having dependable people on call is a lifesaver for your rentals.

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

Some clients love the numbers and others are not numbers people.

Hello BP community,It's nice to see so many discussions from like minded people!