But that was more by necessity than choice.

AbelThere is no note to hold on an REO.More likely, the necessity for title prelim/search, document preparation,  and escrow processing ate up most of the time. 

I'm swamped without a bookkeeper right now at tax time trying to reconcile the whole year of 2019 and for me a CPA is a necessity, I'd say both or at least reconcile your books monthly not yearly lol!

@Nick Gann I think it's more about keeping in charge, and the leadership sees control as a necessity to keep being in charge.

Do they choose this out of necessity or convenience?

t=52 it says you won't be able to rent to your son and his family.In the bill it says "§ 214 (G) THE LANDLORD SEEKS IN GOOD FAITH TO RECOVER POSSESSION OF A HOUSING ACCOMMODATION LOCATED IN A BUILDING CONTAINING FEWER THAN TWELVE UNITS BECAUSE OF IMMEDIATE AND COMPELLING NECESSITY FOR HIS OR HER OWN PERSONAL USE AND OCCUPANCY AS HIS OR HER PRINCIPAL RESIDENCE, OR THE PERSONAL USE AND OCCUPANCY AS PRINCIPAL RESIDENCE OF HIS OR HER SPOUSE, PARENT, CHILD, STEPCHILD, FATHER-IN-LAW OR MOTHER-IN-LAW, WHEN NO OTHER SUITABLE HOUSING ACCOMMODATION IN SUCH BUILDING IS AVAILABLE.

As someone with ADHD, self-employment is more necessity than choice.

You'll have an asset manager/s with nearly inexhaustible resources to run the business plan and keep an eye on key performance and economic metrics that would indicate the necessity to execute a contingency in the business plan. 

Historically, rents, especially by-necessity asset type, are very stable.

Spend only on absolute necessities first 6-12 months.