It might feel out of your comfort zone, but the potential rewards can be worth it if you're willing to do the work.

I think for the average person that is not going full-time into real estate, investing or property management, having a paid off asset is probably more favorable to them than continuing to own more properties especially if they find their current work to be rewarding, or they like what they area doing outside of Real Estate. 

For those of you experienced in finding undervalued properties, what are the biggest risks and rewards you've encountered?

My new property manager (PM) is now involved, and I’m hopeful this will be resolved soon.Over the past year, I've encountered numerous issues with this company.

But if “by doing” he means investing without first having the knowledge to KNOW the risks, EVALUATE the risks (and potential rewards) and to TAKE ACTION to reduce the risks then the cost of this learn by doing education is probably going to be significantly more expensive than a degree in real estate from MIT, let alone reading the\ree or four texts on your own.  

If you want to be a lender, you need to consider the risk/reward. 

Paying above market to gain other benefits is sometimes a difficult pill to swallow, but for the unbiased investor looking for the best” ROI the risks and rewards must be analyzed rationally.  

They have to recognize risk versus reward.  

It is rewarding when I receive repeat investors or referrals.

May your journey be rewarding and profitable!