when you reach a certain economic plateau  the idea of taking on more just to increase return diminishes  .. 

But paying closing costs twice within 5-6 years would completely diminish any profit made by the investment.

Each person we add, we diminish our risk per person but also diminish our gain which will lead us searching for additional properties to meet our goals as a group. 

Hey Adam, Basically you want to take a look at comparable "after repair value" properties in the area to get an idea just how much value the property will gain.The quality of materials and extra work you do, will increase the value, but at a certain point you reach a point of diminishing returns, so you definitely need to find that sweet point

If you're in a position of needing it to go to voicemail because you cannot get to it, keep your message simple and to the point....no long descriptive message to "weed out" or qualify (you'll hit diminishing returns rapidly).....no "It's Jerry, you know what to do!"

Likely a result of testosterone and the desire to test ourself.

Having done quite a few fix and flips you left out quite a few expenses which will diminish your profit to the point you may loose money.  

But if we can educate ourselves about out of area places to invest that fear can be diminished.

(d) The landlord and tenant of any dwelling unit other than a single family residence may agree that the tenant is to perform specified repairs, maintenance tasks, alterations, or remodeling only if:(1) the agreement of the parties is set forth in a separate writing signed by the parties and supported by adequate consideration;(2) the work is not necessary to cure noncompliance with subdivision (1) of subsection (a); and(3) the agreement does not diminish or affect the obligation of the landlord to other tenants in the premises.

Many towns in America just have a diminishing or non-existing employemer base.