Travel is a luxury, not a necessity.  

Definitely agree with this strategy & have done so for many years, as the vast majority of my earlier properties were owner holds by necessity.

Not a financial necessity at all, but none of us are here to lose money. 

and the HML are scrambling for deals also .. with many starting to fund out of state by necessity.. 

I’m the only member in my business, no partners, so I imagine that’d be a determining factor on the necessity of this early on.

Instead, they were the kind of people who were incapable of understanding the necessity of adhering to the empirical standard of truth best provided by scientific method, and who thought that their common sense beat out scientific study any day.I am not an ignoramus because I am not afraid of a herbicide that has been overwhelmingly proven to be safer for you in small quantities than any synthetic insecticide every applied to any cropland or local garden, any alkyd-based paint every applied to any surface, any petrochemical fuel ever used to operate any machine.

I don't see the necessity in this for just a few properties.

I have looked at tenant/renter law and realize she has the necessities taken care of - electricity, AC/Heat, and running water.  

Checkbook control isn't a necessity for our situation, though.

Created an LLC - I know this wasn't an absolute necessity, but it gave my wife some peace of mind about my new venture.