The counties in Florida that do online auctions have been adding rules to eliminate the institutions that can open hundreds of thousands of accounts.

What that means is that, let's say your city charges you $5.00 per thousand gallons, and $10 minimum charge per number of residences on your master meter.

This often results in homes lost to foreclosure, credit ruined, bankruptcy.  

.; deadbeat and unruly tenants, vacancy, non-payment, crime, property destruction, etc.) for a few hundred (or even a few thousand) a month? 

You could be over-leveraged, get hit with a major repair and no cash to pay for it, a vacancy for 2-3 months, or even a bad tenant that causes your life to be miserable while costing you thousands in losses . . . and the market price drops 10% on the property and takes some of your equity.As you gain experience, you can afford to take more risk.

., etc.Also--keep in mind that you can read a thousand books on how to swim (and, by all means--you definitely should study up before getting in the pool), but at the end of the day, the only way to learn to swim is to get in the pool!

What are they seeing that makes them say no.Gang members, Gang Graffiti (vs tagging), shoes hanging from the power lines, a lot rain ruined flower and candle memorials with weathered photo's of those mowed down in street battles?

The great 2014 flood that hit our property among thousands of others in the south eastern Michigan area and our insurance didn't cover it.

There are people who own hundreds or even thousands of houses.

Sounds dreamy until your neighbor ruins your little slice of paradise by building a night club in a residential area, or a pig farm, toxic waste dump, blocks your view, etc. and in the absence of any government regulation, neighbors often end up settling disputes with guns or machetes there.