Sure it ate a few bucks into my profit, but let me tell you, when you have Fat Pocket guys like I do, losing even one of them would hurt way more. 

I prefer a thick sheaf of used, greasy bills in a fat little envelope.

You may find your small rising Property Manager belly up one day.They aren't capable of growing a large business.Not all folks in business are business savvy.

I like to have at least $400/ month gross flow cause I don’t have a high paying W-2 or fat bank account if something pops up.

Once completed, work (consisting of crosswalk, lighting, and landscaping improvements; new bike racks, trolley shelters, and signage; as well as “big belly trash and recycling bins at every intersection”) will begin next year."

In fact, I wish agents would just stamp a big fat I for issues on the first picture of the house to make it easier.

@Paul ColemanI would also be careful chasing depreciation and make sure it’s a sound investment.I believe in the applewood foreclosures the investors got bonus depreciation then lost their entire investment then guess what happened, they got the double whammy of having to pay back that depreciation so not only did they lose their entire investment but they had to cut Uncle Sam a big fat check

As is typical, half of non profitable brokerages go bankrupt each recession, and Id expect at least one of the bigger name money losing brokerages to go belly up in the next down cycle.

On the plus side, it eventually enabled us to get a FAT HELOC which we used for other investments.  

It is alot of work, mainly just getting up and down alot (hard on a fat boy) but not very difficult as far a skills go.