It is much like having a negative experience with one person of a certain race and then hating the whole race for it.

Not to beat a dead horse but it is quite common for a consumer that is not employed in the profession of foreclosing, acquisition of and disposition of foreclosed assets, to mix up industry vernacular and come up with their own conclusion of what it is that they did or want to do, mixing half truths and internet keyword searches on Google.

This process allows the investor to purchase many more assets and reap the above benefits on each new asset.If bought in the right neighborhood, the home may still appreciate and sell for an even greater profit than what can occur during a short time table required by a flip.The income increases over time, and as the tax benefits or the condition of the properties systems age or deteriorate, the property can be exchanged to reset tax advantages and move to newer properties with newer systems.The passive income can eventually exceed the money required to live, allowing the investor to exit the rat race and live fully off of passive income, while building a huge nest egg from equity and principal pay down.Your financial statement looks better and better to the banker as time goes on.Properties can sometimes be purchased with little or no money down.A property that might net a $25,000 profit on a flip might net $20,000 after taxes.  

Airlines now allow "cats, dogs, and small horses"- no joke. 

This is the way I see this I can continue this RAT RACE and pay my mortgage which will cost me $300,000 more which is mostly everybody case in a 30 year mortgage and be stuck in this way of life. 

I am betting that the prices of those Phoenix houses will pass $400,000 and during the next 2025 global meltdown will tumble all the way back down below $80,000 again.So around 2020 or 2021 (will watch the world markets and see what is going on), I will sell all of my buy and hold rentals and probably donate 100% of the profits into my 501(c)3 non-profit start with America.1) I don't buy cash flow properties to get out of the rat race so my passive income exceeds my expenses.

Hey, if the amount of income from rentals and your pension together afford you the lifestyle you want, with plenty of cushion to spare, and you can't wait to get out of the rat race, go for it.  

What I've seen is that folks who change horses generally do worse than those who stay the course (in either direction).  

It seems like an ever changing melting pot of cultures and races.

You have to make multiple offers of course and get back on the horse you were bucked off of.