I typically have a use for junk hauling several times a year, so its a good service to provide. 

What if rents and prices go down over the long haul on an inflation adjusted basis so all your cash flow gets eaten up with capex and you can't sell it for what you have in it if you need or choose?

I think if you're getting into the note space, it's a worthy upfront cost if you're in it for the long haul. 

So, if you can make it work, can afford it and you're in it for the long haul, some day you'll be standing in front of that property with some young relative telling a very similar story.

We've established a good working relationship and both want to hold these for the long haul.

Unfortunately most people like new cars, toys, and big houses.

It's something I had been toying with the idea of - setting up a small account and see how it goes.

In either case, don't forget to include such things as permit costs, GC markup, dumpster/trash hauling, cleanup, etc etc.

Try doing some real estate investing from where you are at now (be it in or out of state) to ensure you're in it for the long haul.

But to have that security in your bank account you have to trade the security of a modestly leveraged well performing ready for the long haul asset.