My best car is a 2010 Honda Insight, it does better on a month to month basis than my 2016 Lexus IS200t f sport (which I really just wanted but justified by throwing it on Turo).  

Pair this with the fact 47% of millennials have a post secondary degree, compared to 30% in 1990 kinda throws a wrench in the idea that student debt is part of the problem)This means that at best millennials will be delaying home ownership, not forgoing it.

Now I'm thinking it may be wasted effort, but some of my investor friends with < 5 properties think property management is just throwing away good cashflow. 

@Julie Marquez also, you can probably throw it back into the LLC after with no issue.

.” $2100 a month is right in trance but throw another $450 on there to cover taxes and insurance, no way!

Throwing cash at a property does not increase profits it actually delays profits since you must get back all your cash before you actually turn a profit.

Account ClosedGenerally you do not get audited for merely failing to report dividends, interest, etc.The IRS will usually send a CP-2000 notice with a proposed tax/penalties/interest amount after their computers throw a matching error.Doing an audit uses Service resources. 

Just food for thought as I always see people mention 1031 exchanges on here and in podcast but rarely have ever heard anyone mention anything about the Reverse 1031 exchange.To me that seems much less stressful honestly as the REIT I work for did at least 2 in 2018 with our shopping centers and plan on doing many more.Instead of selling your property and having to rush into throwing into another with a reverse 1031 exchange you first purchase the property you desire and then you can sell your property to cover it.Obviously there is more rules and regulations than this but that is the simplest way to explain it and gives you something to look into.  

(Add Drama for flair and effect) Make it sound like this is the last moment before agents show up and throw their belongings into a shopping cart forcing them into a life of living in a van down by the river!

Don’t get discouraged because this is not something that is quick and done.Use fishing as an early example there have been many a day I got skunked throwing the same thing back of the boat was and they were killing it.