Have you ever heard of a Landlord being sued by a Tenant and losing property?

If you find a cleaner to manage it life is easy but it's also difficult to maintain because you lose them to others that can provide more consistent work.  

So his 12% rate on 10 mil of loans jumps to default interest rate of 19%.. and long story short they cant work it out and he ends up going BK and losing all his business..

As a listing agent, I let my seller know it can trigger the due on sale clause and they lose control of the home but still responsible for the mortgage if buyer doesn’t pay, so most aren’t interested unless it’s a special situation where they really need out and no real buyers out there.

Where people get hung up is that much like a car, a new MH may lose value coming from the dealer in what you pay going into a park. 

If you buy a property using a HELOC, fix it up, then sell it, you should always have enough to pay off the HELOC unless you are losing money on the flip.

You lose everything you spent on tax lien and sub taxes and have to walk away.

Couple reasons for this.1. sucks to lose money every month when you just put down 20%, which can be a lot of money2. what if there is some kind of emergency i.e. large maintenance, non paying tenant, etc, then you are really in a bind and obviously that comes out of your personal funds3.

Most landlords actually lose money for the first few years (if you're focused solely on profit AKA income - expenses) but the vision for most owners here is to bank on the strong appreciation of property prices in NYC.Shoot me a DM or text me if you'd like to chat further, happy to give you my $0.02 as well. 

If I sell, I pay off the debt, lose the asset, and have no more monthly income from the property but I would be DEBT FREE, which is very enticing.