While a business owner's job is primarily to focus on revenue, you also have to make a basic effort to control expenses and keep things from eating up 1,2,3,4% or more of gross income.

Once you move, you'll have to hire someone to manage it for you, which will eat into the income.

But keep in mind that things like closing costs (where you have to close twice - once to buy the flip and once to sell it) may eat up $10k of that profit before you pick up a hammer to repair something.

I think many of us use hyper-consumerism as a means of validating our self-worth.We NEED to upgrade to a new cell phone every year, we NEED to take expensive vacations to show our friends how fun our lives are, we NEED to purchase the more expensive car, we NEED to eat at chic restaurants and document the experience all over our social media.

Obviously a high interest rate could eat into your investment.

For those 2019 properties, even if they have fixed rate, long term loans, when the loan transitions from Interest Only to Amortizing, that can eat a lot of cash flow.  

Eating healthier, working out and making the right choices.

The things we do the day that falls in between (Tuesday) are tax deductible for my wife and I (1/2 of eating expenses, going to the movies or a baseball game etc.)On Wednesday, the other meeting day, those expenses are deductible for my wife and I because of the meeting.  

This is tough, eats into your margins and normally you'll pay more on your first few projects developing the relationships and it'll get more favorable to you over time.- ACTUALLY does good work.

Evict them and eat the cost.