Even if they have plenty of money saved, sometimes the fear of losing the money in an investment is too great.

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

Sometimes we see large amount of equity in a primary residence that can be borrowed against, even in 2nd position if it has a great rate that you don't want to lose.  

If there was no appreciation, there is no need to do a 1031 exchange.I have never been a fan of condo's as you lose some control over the investment - You have no control over the monthly maintenance fees, you may not have control over who is on the board, you have no control over special assessments.I wish the investments turn out well for you!

Hotels lose money with no guests.

That’s assuming you don’t lose money to vacancy, capex, etc etc.

I see landlords lose thousands, even tens of thousands, making rookie mistakes that they could have avoided with a little education up front.Once the first property is under contract, start again for the second.

@Aleksandra DrovalI'm not sure what statistics you're looking at but everything I've read and heard shows exactly te opposite, that hotels are losing to Airbnb precisely because of the experience.

Its only good for tax purposes if its still a wise investments and you do not lose money on it.

If they suspend/lose their license, they're dead in the water.