Once you get over the $100 mark, then it becomes sort of a necessity. 

When their paycheck stops for a week/month, it impacts necessities like food, shelter, warmth, etc.My point is that with all the people suffering, those suffering mainly from reduced occupancy/rent from their investment property does not make my pity list.  

I had a good handy man.. so that save PM fees.. in C and lower B PM for out of state is pretty much a necessity if your going to stay on top of your rentals at least if your rentals are not in area you live in.  

This is the nightmare scenario everyone hopes to avoid if you can you'll have to tough it out until the powers at be decide you can actually try to recover the funds you are owed and once that is the case this is one I wouldn't let go unless it is a last resort, because not paying anything towards rent is a choice not a necessity, even in HCOL Bay area and with a newborn the tenant isn't spending $4k of unemployment on groceries and utilities per month.

I provide a basic living necessity. 

Necessity breeds innovation.

I became an accidental landlord with this and really just did it out of necessity.

I also realize that after I grow, a PM will be a necessity if I ever want to “step back” from growing and start coasting in the future.

I’m not sure I see the necessity.

REIs come in all walks of life and finding what works for each individual, whether by preference or out of necessity, is the key.