If you are over leveraged, aren't prepared/don't have a plan to get out, you will get burned easily.

Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.

All the rehab deals we had took significantly longer than expected, costed more in rehab, bank refinances did not necessarily go as planned, contractors burned us in various ways, property mngt was a nightmare, etc.

I'ma was getting burned out, and I started hating real estate.Here's the deal:67 Units, $12.2 million, 2019 vintage, mix of SFH & Duplexes.We bought this deal from the same seller who sold us a 62 unit last month.

But I’ve dealt with this for a couple of years so I don’t get burned out from it anymore.Is a high vacancy rate what’s causing negative cash flow across the country?

I allow for tenants to use gas fireplaces, but do not permit tenants to use any wood burning fireplaces.

Which often leads beginners to get burned.

The zoning report is a great idea we've gotten burned on that one before.

That might help rent increases as that inventory burns off.

This will correct over time as more get burned, but until then, spend responsibly. 2) Do not listen to any advice recommending that you enter into a THIRTY YEAR agreement with a bank where you pay them a monthly payment in exchange for primary residence shelter where the only way you can meet the obligations for such a contract over the lifetime of such contract is that you househack, renting out your bedrooms to likely...strangers...until you are dang near Medicare eligible.