I have also not played Russian roulette.

:thumbup:Gross leases for operating businesses are like russian roulette, they consume electricity and water, property taxes get adjusted every year, so you're really gambling on A) two line items that the tenant will consume more of (have control) B) property taxes and insurance which you do not--for me, its not worth getting pinched on year 2, then negotiating with the tenant for the entire year just for them to vacate because they can't afford the increase.

I always say owning a property paid off in your own name is like playing Russian Roulette with a semi auto.Even if it somehow sped your growth it's like dangling bait fishing for a lawsuit theft.But sadly nobody around me will listen."

We’re located in Charlotte and I’ve had several requests from refugees in the Ukraine war, some Russian, most from Ukraine.

The desert safari is nice, but the belly dancers will almost certainly be Russians.

Spent about two years here dealing with the culture shock, then got married to a nice Russian lady.

For us the name of the game is Russian Roulette, if we lose once we're done and out."

I think the situation was different in the mid 90's when you could rent a place in Park Merced with section 8.With regard to quality of tenants and I can only speak for the russian-speaking immigrants I know who have section 8 -- they tent to be older, retired or semi-retired and will probably skip a meal first rather than be late on rent :)

@Jay HinrichsYou are right on... yes this will allow me to unlock about $1.3m equity as it is paid off, thanks to tenants rental payment of $350K over the years I actually took $100K out the day the buyout agreement was signed and bought a 4th property in SF.... a small studio 550 sq ft on the top of Russian Hill, on Leavenworth and Green....

Of course, Russians would adapt and overcome by putting down big throw rugs.