Municipalities, government can partner with larger players and together can eat your lunch....meaning make things so difficult that you can't conduct business and you will be swallowed up like you are doing at the firesales.

Based on the 4% rule of thumb (you can safely spend about 4% of your nest egg each year), these folks are getting only $9600 a year from their nest eggs, plus social security.

In my world, a property that looks pretty turn key could end up eating 5K.

(disclosure) I'm also 'licensed' but this guy sounds like he 'takes the cake and eats it to'

You get to have the cake and eat it too.

My thought is to hold off as IMO, if it don't eat any hay it's not costing you anything.

That says that, if you use a PM, expenses, capital, and vacancy will eat up 50% of the gross scheduled market rent.

I won't put so many eggs in one basket in the future!

Great advice given all.I was moved to comment on Michael Heisterkamp's response.My 0.02:Fear manifested in protecting one's nest egg.

Troy Fisher It doesn't say anywhere that he contacted the developer and they refused to divert the water or do anything to stop the eggs from hatching (there are natural predators to small frogs - Bullfrogs) to help him.