So I can either sell as is, perhaps do a 1031 into something better, eat the cost, fix it up a bit more and get that $850 a month tenant I there.

I asset managed a mixed use building in Oakland that had 4-5 STR but I promptly turned them into longer term rentals due to the property management company eating most of the profits. 

She’s had a pastor in my single family home who had run out and did not pay rent but gave every excuse as to why it wasn’t worth pursuing him and better to just eat the cost.She’s put people in my properties who never should have met the income qualification to rent these properties as it was over their heads.  

I quickly learned that outsourcing cold calling during the beginning stages of my real estate career will eat away at my capital.My only option was to man up and face my limiting beliefs head on.

I quickly learned that outsourcing cold calling during the beginning stages of my real estate career will eat away at my capital.My only option was to man up and face my limiting beliefs head on.

Her electric bill is small and she has a son who gives her plenty of money to eat.

However, it was a valuable lesson to enforce the adage “trust but verify” as well as to not keep all our eggs in one basket.

I'm salaried which makes it easier to justify taking a call when I need to, since I work through most of lunch and eat at my desk.Also divide the tasks, I know everything about half of what we have going right on right now.

I think that depends on how much the down payment and FFE costs are and how much of his nest egg he's putting in? 

If you are going to embrace INVESTMENT real estate, especially if the goal is financial freedom, then you should get ready to eat the whole enchilada.