Unfortunately they drive the prices up to a point where sound, logical cashflow investors like yourself have no shot.

It appears logical not to sell the primary residence once it's fully paid off, considering the associated taxes and fees.

And since you are having to take the tenant to collections, this seems logical. 

Maybe it's just me, but wouldn't somebody think logically and say to themselves "Why am I spending thousands or tens of thousands of dollars on this program when I SHOULD be investing this is real estate?"

The same logic goes for the LTR insurance with adding premiums (which is really what Sthe STR insurance model is)Most STR insurance is exactly the same thing as LTR with tons of premiums added for unnecessary reasons like no one will ever use. 

Your logic just looks to me like many investors who thinks their capital gains tax has something to do with the amount of loan on the property.That's why I asked:  why for a self-directed account does the accounting methodology change?

All logic tells us that either the SEC or CFTC will govern those trades and ALL will have to be compliant with the regulations of either agency. 

amazing how emotion can railroad logic.

Let's look at this logically:1) Why waste time walking a property that the seller may not accept your offer?

This is logic makes sense and it works.