Sure appreciation is great and a major wealth generator but a lot of real estate investors prioritize passive income. 

This is for the safety for the linemen.2.

Start the eviction and watch him look for places to live.By waiving a late fee, you are telling a tenant that your rent payment does not need to be prioritized first.  

That doesn't mean that will be the end of my real estate journey, that's just the safety net I want and the sooner I get there, the sooner I can kick my W2 to the curb. 

I guess I wanted to have the money available for a down payment or just in case something happened during the rehab (safety net). 

The last bit would be a safety margin with construction in the event things don’t go as planned. 

Also, because I’m an artist and I have tough years, I’m concerned about losing that dividend safety net that currently nets me 80-100k. 

It makes me nervous to jump into investing with so small of a safety net.

Wayne that is interesting and I can see that for the safety of those folks given the state of our country these days.One thing I ran into in Oregon is senior tax deferral. its not something that shows up on the tax collector rolls you have to call a special number at the county the property is in and talk to someone in the tax to department to see if the property is in senior deferral and if so how much..

As a buy and hold investor mine are: safety (first), security (second), function (third), and aesthetics (looks are last).