Sometimes it's important to remember the phrase "spend money to make money" as a landlord.

Doesn’t it feel defeating to have to spend a years profits on repairs?

Negotiate office fees lower instead of 200 a month say 75. be prepared to spend most of your day on the phone calling people.

I come from a working-poor,  paycheck to paycheck background and have to constantly remind myself that one must spend money to make money--but this seems like SO MUCH money! 

If you spend $830K on a 4-plex you need about $2000-3000 per month per unit (roughly).

I would rather spend the relatively insignificant (in the grand scheme of things) money on the attorney to tell me I'm good to go, than have things go south a few years in and have regulatory authorities on your case.

Spending 10x on rehab compared to PP would be way too risky for me.

You could even consider this a poll:If a new investor (we’ve done live in flips but just decided to do more as a business) does their 1st deal and they have 20k to spend on marketing - what, in your opinion, is the best method to ramp it up?

You don't want to spend your time rehabbing properties.

I would much rather spend the enormous amount of time a business takes with family than I would with a stranger, or alone.It also makes probate simpler.