Whereas for me (at this stage of my investing career and my personal life) if a project is profitable and supports my ability to live somewhere with better cost of living and quality of life, the balance between the two can be just as valuable. 

The ability to use leverage and reduce taxes in your highest earning years without having to put money into qualified retirement accounts is a great way to build wealth.So - If you own an STR:1.

If you were entitled to those lawyer's costs your lawyer would have asked for them in the lawsuit because a judgement gives you the most ability to potentially collect that money back from the tenant. 

Ability to create/find opportunities (off market deals, finding that diamond in the rough, exploring avenues where the rest of the crowd may be a few steps behind, having network of professionals who trust you and want to deal with you -- i.e. probate attorneys, CPA's, REO listing agents, wholesalers, etc.).  4.) 

Maybe selling is an idea worth considering if the house is a Mona Lisa and kind of beyond the general reality of typical tenant's maintenance obligation and ability, and they aren't paying for the additional quality.If you really want to keep the home, you may find a way to be very happy about it with the right team, whether it be property management, electricians, contractors, or tenants.

Limited Future Borrowing: Tying up multiple properties as collateral may limit the borrower’s ability to secure additional financing in the future, as those assets are already committed.4.

@Robert QuirozBuying with cash offers higher immediate cash flow, no interest payments, and less risk, but limits your ability to diversify and leverage.

Our goal is to start and grow our portfolio to achieve financial stability, more family time, the freedom to take vacations, and the ability to live life on our terms.

And because the PM is not a non-profit, they mark it up 20% and now you get a bill for $287 to change a light bulb.. seems unfair.

I takes a substantial degree of work and ability.