Don't see those.Long term Capital Expenditures/emergency reserves: Big ticket items like roof/furnace, evictions, tenant turnover.

I wonder how many lottery tickets he buys or if he smokes cigarettes at $7 per pack, per day.

The big-ticket items are insurance and taxes.

The consequence of a ticket and higher insurance costs keeps most of us within the law.If you want to discuss abortion, homosexuality, CEO Compensation, etc, etc, etc, then those topics would need to be discussed in separate threads.

And as you said, it worked...until it didn't...in fact, many from that group still are blind to the ridiculousness of the past administration...That said, it didn't stop the GOP from trying again by putting Sarah Palin on the 2008 ticket.

Might as well buy lottery tickets.

Then, once you've found something where the deals being offered are comparable to the market (you're not going to get screaming good deals going this route), the claimed rents seem about right, and properties come and go for both for-sale and for-rent properties, buy a plane ticket.

All I hear from investors anymore is how bad it is to be a landlord and how unexpected expenses come up and really hurt you and how cash flow really isn’t cash flow and you need to account for this and that…….I will not be discouraged by this because I know I want something more out of life and that real estate is my ticket there.I want to build a portfolio of rentals that will supplement my w2 and then transition to other ventures of re investing.I know this isn't going to be easy but man is it really that bad, especially if you have property managers?

I'm buying another ticket out there again tonight.

It's like giving you a speeding ticket by looking at your odometer and saying you must have gone 100mph sometime in those 10k miles!