I just think the entry point is notably higher than Lafayette and everything I've read, whether it be general business or REI leads me to the conclusion that acting now is nearly always better than acting later.  

Ultimately, my conclusion, it's only the magic of ownership that provides wealth in the property management game.

Justin, From my research I've come to the same conclusion.

Reed’s website -- it’s interesting as a starting point, but it is frankly a bit scary the scant evidence he sometimes provides for some of the harsh conclusions he arrives at [I like evidence not opinion…… e.g. his position on multifamily management, a debate he posts with David Lindahl [sp], allegedly. – Mr.

The OP is not the first and likely not the last to improperly jump to that conclusion.

I have emailed the details directly.Virtually every company that enters this asset class comes to the same conclusion.. in house management is necessary for company survival and investor survival..  

- Customers that the instant i offered a make things right, decided to post as many bad reviews as possible - if anyone would like to see my offer to pay them back, instantly followed by them creating a flame campaign to discredit me, I'll be happy to oblige - (look at the dates of the communications between us) I even paid some of their fees in advance so we could settle this faster and fairly - but they keep posting how much of a "horrible person" i am...Ask the "Australian group" if i offered to pay them back, and ask them if they got quite nasty the second i made the offer... i'll forward anyone the emails that asks  - you can make your own conclusions.  

With only one, there isn't much volume to be able to draw very good conclusions.

It does hurt the cash flow and doesn't follow my "safe" projections of flat or increased rent however I have came to the same conclusion that the math does say I should keep them on.I suppose when the next renewal comes along I'll have to hold a harder line as theoretically the rent will have increased during that part of the year.

In conclusion, I agree and disagree with a lot of the points that were brought up on this thread.