@Paul GiloThe reward is not so much the few grand a year in economic benefit early on that I described with my "number crunching" but the fact that you are getting into multi-family with so little cash out-of-pocket as described in the last paragraph of my post.

if you have all your cash (eggs) in one basket you are taking on a massive amount of risk (and reward).  

Be persistent and stoic in your pursuits and you will be rewarded greatly!

Making a friend a lot more money than they were getting previously - Last year was my first year to attempt a JV Partnership on flips and it feels extremely rewarding making a silent partner money that they would have never expected/received from traditional investments. 

***UPDATE***We received a total of 12 offers, and closed today $160,000 over asking.With great risk comes great reward!

Great reward, but more risk.

I expect it to take a little bit to get rolling but I am in this for the long haul and look forward to the challenges and rewards that are in store for me.

Me personally, though, I don't like to try to swim upstream ... too much work for not enough reward.

A house like this has zero curb appeal or charm, and color is the easiest and cheapest way to give it some personality.I'm very aware different locales have wildly different attitudes and characters, have been to Nawlins many times, and as I wrote, not suggesting replicating the wildest of color schemes found in the Quarter, but as an example of how completely transforming a bit of color can be for a tiny house.Here are a few more examples, some from the Quarter.

It's not to say you can't succeed, but the risk vs reward (10%?)