Continuous participation.This is great if you are talking about an SMB with effectively connected Real Estate.Note rental activity is considered passive unless you meet the RE Pro threshold of 750 hours and more than 1/2 your time.This is the conundrum for passive real estate investors.If you have a full-time job or a large, time-consuming business it can be difficult or impossible to qualify.A huge loss from depreciation if you have one LP investment isn’t going to do anything for you.

It will seem like its impossible to figure out who owns what and what parcel number (or whatever its called in your county) is linked to what property.

While many PMCs try to align their interests with those of owners, it is impossible to do so 100%.At the end of the day, the owner is the INVESTOR and thus has a lot more at risk than a PMC.

I agree that finding CF is next to impossible in MN, but if you work hard to find the right deal and you get creative on your execution it can be done.

Right now, its near impossible to refinance a hard money loan into another hard money loan.

Before the crash, it seemed like you couldn't get the numbers to work that well in terms of cash flow but you could find deals here and there and the financing and appreciation was definitely there.During the bust you could easily find discounts but the financing was impossible to get and the rental profits were extremely tough and thats even if you self managed. 

Constantly it's "of, I had only ___ back when", and how much today sucks. people said that in pre-08 when all you needed to do was fog a mirror to get any $ you wanted, and after 08 when you could get a house for less then a car, it's always how great people had it back when and how impossible today is. 

- taxes= Profit   impossible for anyone to answer, it's up to you how much you need/want per month.

Moreover it will make it nearly impossible to grab a better investment as forking over nearly 10k/year in cash makes adding to your portfolio (stocks, bonds, real estate) nearly impossible unless you make very good wages.If it's inclusive of all expected expenses, you're in a good position and you should probably hold on to it. 

Replacing your cost of living will be almost impossible in most markets currently due to high prices and higher interest rates.