This can be a compromise if not aligned with long-term vision.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I knew someone who did this.

Thanks in advance for your help!

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.The best model I've seen is:1.

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper. 

That should help significantly.

I do not remember the numbers but this property obviously needed full rehab.  

Let me know how I can help!