These owners generally aren't ignorant about their markets, or finance in general.

I followed his advice about how to disclose and how to stay compliant with my mailings, yet some uptight ignorant agent got all worked up for nothing and has caused me problems.So once licensed, find a broker that's fully on board with what you do and keep them well informed so they can fight for you in case this happens too. 

There are rules and regulations and there are consequences for ignoring them or trying to evade them.

That may just me my ignorance of the laws of this field.

Serious things we handled right away, petty stuff we ignored. 

This seems like the exact question I have been struggling with, but perhaps I'm a bit more ignorant about the whole process (still learning though!).

However, it seems people look at cash-on-cash return but ignore equity build-up.

Toss it, ignore it, burn it, whatever.Also, 3.5 cap rate is still high in most of BK for actual trades - just saying.

(Joke...mostly) When I was about 17 years old one of my friends Dad's friends who was in real estate told me I should buy a duplex and house hack it (he didn't call it house hacking but the concept was the same) and as I wise 17 year old I promptly ignored that advice, I had different priorities back then, surfing, playstation, you know important stuff.  

She wasn't senile, she was just lonely because her family was ignoring her.