Not to mention over the course of those 3 years (or however long) your $1,000 a month hasn't just been sitting in a savings account losing value - it's been buying assets for you that create income, while still helping you accomplish your long term goal of buying real estate. 

The only way to justify the work is by having meat on the bone.  

That is a mixture of units sitting.

If i hadn't tried several other things, I would have never found this one and I'd be sitting on the rental portfolio doing nothing right now. 

And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more than you realize.What Is Home Equity?

I agree that pricing a rental too high is a classic mistake than can make it sit, but don't you think encouraging landlords to rent quick will make them compromise on the vetting of the tenants?

Now, don't get me wrong...I hear exactly what you are saying but then again isn't that really just to weed those that just want another course to sit on their shelf and point to and say...that doesn't work?

Your LLC has no "business" other than the asset(s) it owns.

Maybe sit down with her and look at the finances for her and if it makes sense for her to buy the X out and refinance if that is even possible. 

That’s one of the cons because that money might not be deployed in a deal and it may just be sitting there.