Many suffer from mythomania. 

But then, you find you can't sell the house for what you hoped, so you rent it out instead- residents know that electric baseboard is more costly, so you'll have trouble finding the best residents(or you'll have to accept a price cut on the rent rate and/or hear griping for the whole winter about how expensive the heating is, and you'll suffer higher turnover.)

Finally, there are tax advantages since some corporate forms pay lower taxes than individuals; there are other ones that tax professionals can explain.So in theory if you have an LLC that owns 10 of your investment properties and someone is injured on one of them and sues the LLC, they could collect to the extent of all ten properties' values, not just the one that the suffered the injury on.

It was either the realization that they were only tenants, that they no longer had the equity they built, staying in the home was not as important to their kids as they thought, they were still suffering from their original hardship more than they thought, and so on.  

These kinds of properties are also hard to finance, often suffer from deferred maintenance, and typically have very high expense ratios due to turnover and unit damage.

An accountability partner can help you succeed faster, but most people's lives are not that successful and you can ask people to be an accountability partner, to "get on you" when you are lazy, when you want to procrastinate, when you want to hide in a corner.Being successful in business, I think what was valuable, is to read about what great entrepreneurs like Steve Jobs and Bill Gates had to endure, had to suffer, for many years, before they became great successes.I wish everybody on BiggerPockets a great spring, but it's time to stop thinking, stop reading, and go talk to sellers, and get a coach if that is what you need.Best wishes,Brian@Dev Horn@Ned Carey@Michael Carbonare@Rick Harmon

You don't have suffer by keeping a property that barely cash flows or even worst, negative cash flow.

In terms of this property, I have no knowledge of the area but having read a few other posts, I want to offer my encouragement as well as a bit of caution I had not thought of before but makes perfect sense in this case if your house is indeed in a war zone.Rehabbing will be a challenge as you are likely to suffer vandalism and removal of your new materials and appliances.That being said, you certainly need to find a property manager that specializes in those areas, has an understanding of the people and perhaps even a rapport with them.

It's case law that tenants who enter the eviction process thereby forfeit the full amount of their security deposit due to the emotional damages they inflict on the landlord -- the deposit automatically converts to a judgment to compensate you for your pain and suffering not knowing what's going to happen to your rental.

I would, of course, have to pay interest until I used the money, but this would be much more dependable source of funds should things go south in the economy, because, should the economy suffer significant damage, it would be possible that the banks would pull back as well to manage risk, and would prevent me from drawing funds from my line of credit, right when I need them.