It's a "nice to have" but not a necessity.

I'm an agent also, more out of necessity than anything.

If you build a deck/patio now you have 1 more thing to maintain and add to your expenses.When you are ready to sell in the future you can reveal ut the necessity for a patio if you feel it will help you sell faster and for a higher dollar amount.

They would be an absolute except a few people get lucky and put everything they have into a rental property and nothing goes wrong for a year or two, giving them time to build up cash reserves.  Then again a few peopl...

There are three necessities in life...water, food and shelter.

For that reason, a housing provider who denies housing to persons on the basis of arrests not resulting in conviction cannot prove that the exclusion actually assists in protecting resident safety and/or property.Analogously, in the employment context, the Equal Employment Opportunity Commission has explained that barring applicants from employment on the basis of arrests not resulting in conviction is not consistent with business necessity under Title VII because the fact of an arrest does not establish that criminal conduct occurred.2.

I think having and LLC as your entity is another one of those myths that someone once said is a “good idea” and now many people think it is a necessity without really thinking it through.

It is a mathematical necessity (http://money.cnn.com/2011/05/12/news/economy/boehner_spending_cuts/index.htm).

It was a good learning experience, but necessity dictated that I farm out the labor.

Maybe, but not a necessity and we probably wouldn't bother if we had less than 50 tenants.