She didn't skimp on quality, either—the cabinets are full-wood (which will last much longer than cheaper materials) and even have a soft close, a popular kitchen trend that will definitely stand out during the big reveal (see ch. 4).

If and when it downshifts which is in who knows how many years then some agents go to property management to try and skimp by.I don't do property management.

If it's just a few, I would probably avoid an entity, but if you really plan to make a business out of it, I would go the LLC route (but if you go without an entity, don't skimp on insurance).

If you buy a house from 1900 or skimp on the rehab, you should expect to have much heavier maintenance & capital expenses, just for one example. 

@Chris Clothier  the point I was trying to make and maybe it did not come out right.is that with real estate you simply cant have linear growth year in year out for 10 to 15 years.Rents simply will not go up year in year out and appreciation depending on market can swing wildly as we know.So while I understand long term IRR projects I was just saying they are still educated guess's as to what the future will holdand 1000% an investor that is not self managing there returns over time will be directly related to the quality of PM and their interaction with PM allowing the PM to do a good job for them.. sometimes owners are their own worst enemy by not allowing PM to keep their homes in tip top condition.a little off subject but my partner and I when we bought our planes.. that was one thing we agreed on there would be not one dime spared on maintenance and keeping those things in perfect shape.. you can see other pilots buy the same plane skimp on everything because it was legal.. but when you look at our plane that is now 14 years old its pristine.

A turnkey option (of course, I'm biased) allows you to be almost entirely passive (once you cut the check, don;t skimp on the due diligence prior!)

An error here can be huge.. no skimping.

Don't skimp on the repair budget.

Don’t skimp on due diligence.

I think I would reconsider living in a travel trailer skimping on everything .