. = you are a gamblerExample 4b: you buy a company, place competent managers over it, have that manager hire competent staff, and you keep your thumb on everything, having occasional meetings for effective communication on expectations and efficiency. = passive investmentExample 4c: you buy a company and work it yourself. = you bought yourself a job that some call an investment to make themselves feel successful.It all comes down to whether or not you are willing to put forth any effort at all.  

The big advantage is it is non-absorbant and inorganic, making it great for basements or other environments prone to high humidity or water ingress (it won't bloat and grow mould).To add to your list.  

The reason for the sale is to provide her a monthly income while still providing some occasional access to her daughter. 

I know our hurricane insurance premiums were bloated.  

A friend of mine there has one and I would occasionally get one as a rental car.  

I occasionally look into STL downtown communities, since I work there it's hard not to get curious.  

If I made at least $120-150,000 a year at my W2 job, I'd share some of my $ with Phil for an occasional phone call with his people, and I'd just enjoy my weekend part time involvement in RE. 

I would even be likely to turn a blind eye to the dog being in occasionally (since it was my mistake to allow it in the first place)  if I hadn't had multiple complaints about the strong pet odor.

This can cause undetected leaks that will occasionally result in water bills well into the thousands of dollars in a single quarter for a two family home.

Generally speaking, you want to target communities that welcome growth of all sorts, and are willing to make the necessary tradeoffs to support it, occasionally at the expense of entrenched interests.