I've got a couple that are cash flowing here, but while the passive is cool, I personally enjoy the thrill of flipping and development.

Or is it just me but the majority of the population gets really thrilled when they see a computer-printed "handwritten" letter?

You'd sell it for $150K, be thrilled that you did, and then brag to all your friends about your real estate skills.If you're going to whine every time you get outbid by someone you feel is overpaying, you probably want to get out of real estate investing -- it's not for you.

Technically, Landlord owns the oil and prefers to not write off this asset.Presumably, tenants will be thrilled with this conversion. 

As a Chicago investor, I am a bit thrilled people are scared of the city, just means fewer competing offers if I find a good deal (but they are hard to come by these days) ;) 

Her uncle 10 acres away would be either thrilled, more likely, or indifferent at worst.

If your  $550k home is only going to rent for $2,750 on the high side, I'm not thrilled on the investment side.

I do check in from time to time and still not thrilled with what I see.So now I have this little lady from Loopnet calling me every month trying to get me to subscribe again.

HOWEVER--there are MANY I now know and consider friends that are THRILLED with the returns they've gotten by doing just that.

Hard work doesn't scare me and working under pressure thrills and drives me!