And you never know the state of mind of these people so it's important to keep your wits and be smart to avoid bigger problems.

@Irina Belkofer how dare you make these accusations in a public forum, very ignorant on your behalf.

@Ivan Barratt  I've been witnessing the boom of investments and were looking for a way on how to capitalize on the phenomenon, you did it!

And there are some transactions that just beg for the IRS to accuse you of that. 

She apparently was angry that she was basically accused of not paying her rent and called the old PM who stated he never told anyone she had not paid her rent that month. 

So when you have a post like this, where accusations are made, based on anecdotal evidence, that can tarnish someone's reputation and, therefore, their livelyhood, keeping it up is counterproductive to what this forum is about.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

I think in the process of being the Older Wiser More Experienced Investors out there, the literal original question has gotten lost in the smog.To wit: What IS real estate?

You don’t want to end up in a situation where for whatever reason you fail to close, and then be accused of tortuous interference with someone else’s contract, causing the current owner to lose rental income because you paid their tenant to leave.

My 4 year old witnessed everything and I just wanted to leave but he refused to let me get in my vehicle until I do.