My wife and I started out of necessity, we were accidental landlords.

I wanted to get a feel for those who invest with SFR out of necessity and those who just enjoy that space as a landlord.My experience has been people do it because that is the cash they are working with.

The only reason I'm not using property management is because the property is in an area with practically no rental market and thus no property managers and because I'm barely breaking even on the deal as it stands (rented it out of necessity after having to transfer and I couldn't sell it).

On the other hand, they say necessity is the mother of invention...

I had a client do that once out of necessity, but when we looked at the numbers, her cash flow on the rental improved even better than before.

@James Park any education is a good thing but is the CCIM designation a necessity, no.

We are trying to keep our costs as low as possible out of necessity and business relationships are important to us.  

If your property was in the same name as the one next to you and the one next to you was same as the one with access, same argument for an easement by necessity can probably be made.

This isn't a necessity by any means, but since I'm about to get licensed, I wish I had done it sooner.2.

As for not having a W2 Income, it's not a necessity but you of course have to make the determination.One of my mentee's is a college student (no W2 income) and with the help of a little family cash just purchased his 1st home.