I have four properties: three single family homes and a five plex.The single family properties have first and second mortgages due to past financial necessities.

I know the position I'm in - I don't have a lot of capital, so getting creative is essentially a necessity.

Due to people coming from higher-cost cities and increased personal savings, Lifestyle rents outpaced Renter-by-Necessity rates for the first time since 2011.

Most muslim homeowners practically can't avoid mortgages with interest in the US due to majority of home mortgages requiring it on monthly mortgages, so they take out these conventional mortgages out of necessity and argue that it is halal because it is the "law of the land".

I hired a property management company out of necessity and its been quite challenging.

Being a landlord for people who struggle with basic life necessities like housing is harder work.

I’d argue in this case the property is an asset because it has appreciated a LOT in value and of the bills we pay the heat and the electricity are offset by the profit we take out at the end of the year leaving our only expense the cable which is an option not a necessity.

Necessity is the mother of invention, and I was miserably hot, and thus highly motivated !

My story: husband and I started flipping and selling manufactured homes in 2013, out of necessity. 

Our strategy at the time was was to flip 4 houses a year to replace our w2 income of 100k, (however there are smarter way to replace the w2 income, knowing what I know now, I would suggest having some rental or passive incoming coming in first to pay for the necessities).