Because you work with many sellers, you allocate funds to the most motivated and to people who need to sell right away.

This is even after raising rents earlier this year by 10%.In 2012 I was getting ~8%In 2014 ~7%In 2016 ~6%In 2018 ~5%In 2020 ~5%In 2022 ~4%With Treasury rates over 3% and rising it may not be long before I have to reconsider my wealth allocation.

Eventually, though, we reach a critical mass when some of the CF can be allocated to toys...I'm there.  

Sure glad I didn't have to reach 'millionaire' lol status by slaving away at my highly-taxed J.O.B. squirreling away 20% into my 401(k), hoping my asset allocation is perfect and praying the stock market continues to rise!  

Perhaps this is an exception but the odds are against it.The borrower not being allocated the overage from the sale is not grounds to classify the sale as not a foreclosure.

"If you don't allocate the time, it probably won't work."

I wouldn't do it because it's too much complications considering profits/loss allocations, depreciation and tax implications.

(asking because I'm in a low tax bracket, not because I'm worried about paying a higher than 25% rate)- If a 1031 is used to exchange down, how is the depreciation allocated? 

Therefore, we would certainly allocate time to support our hobby ... and dream.  

I appreciate the desire for a passive investment :-) A few more things for your winner list: "partners" (e.g. prop manager) you trust; high quality tenants, low vacancy, sufficient reserve allocation (vacancies,roofs, regular painting and flooring), appreciating or at least neutral demographic drivers, really understand your purchase/street/block/neighborhood/city.