If you have not factored this into your estimates it can quickly eat into your profits.

OR, as my wisened Uncle (RIP, Rick), once told me - "You can't eat Equity, boy.

Waiting until you secure an end buyer will eat the clock up therefore having less time to close for your end buyer.

This is personally why I do not like owning duplexes, tri's, or quads as I like controlling a whole development and the quality of tenants around there.Bas tenants are like a cancer that starts eating at your success and makes the quality tenants run away.

But, as the saying goes "you can't eat equity."

Yes, there will always be people eating doughnuts.

I'll be spending the next couple months perfecting the system, unfortunately this winter I'll just have to eat the bills.

They're wild animals but legal to keep in most places (let's assume legality of keeping the snake; illegality muddies the waters).

Rent bumps are not as strong but you also have all expenses paid by the corporate tenant so that 2 to 3% per year bump is not offset by growing expenses and maintenance costs.Water goes up, taxes skyrocket, land or building has issues the corporate tenant eats all the costs and you still get a passive return.I do agree that for people with limited funds houses are a starting point because they have more time than anything else.The clients I deal with typically have a few hundred k to into the millions and they do not want intensive job or headache type investments.

Either you are spending a large chunk of your profit on management and/or one bad tenant or vacancy can eat up all of your profit plus some.I feel much more comfortable with medium to large MF properties that can afford professional management.