@Marcia Maynard, maybe that's specific to region or certain segments of society but I've never encountered that.

Not to mention the time it will take away from you and the stress that it will add to your life.

I cannot stress the importance of having high quality 'eyes and ears' on the ground. 

Thats great advice, I will certaily be looking for REIA Club and become more interactive with the BP society.

In this litigious society if someone wants to make a buck and they know the owner is an individual and the management company is an LLC i think they would go after the owner since they are not shielded and would have "more to lose".  

Long story short, I just finished and sold my last rehab project, which was quite stressful as I over extended myself on time and resources, and my husband and I are expecting a baby in June, and I need a break.

Just expect that and dont be stressed by it The hardest part is finding the right contractor.

At 10M and more, it is more appropriate to use a stress testing model to eliminate or assume bad debts and look at coverage ratios, liquidity assumptions, you'll see that if certain loans go sour there are different effects on the portfolio and from there you can adjust to the risk perceived.

No amount of ROI is worth massive amounts of headaches and stress.

If you're going to stress about things that go wrong, you probably want to steer clear of risky investments.No one can universally stomach these considerations and everyone has a tipping point.