That said, I can imagine there are specific times where you can pick up a great asset, perhaps in a great location which can be bought and resold at a profit.  

That difference is make or break as far as cash flow goes as you can imagine.

What can you imagine went wrong?

As you can imagine, it becomes a challenge for tenants to get accustomed to living with total strangers.

I'm not a banker, lawyer or CPA but would imagine you're going to be hard pressed to find a bank willing to do that.

Don't imagine their response, get it and then deal with it from there.  

I just imagine its so much harder to network in commercial real estate but it has bigger payoffs.

I would imagine that as long as you are doing things right and you get into a legal battle that your legal fees are going to be your problem before a property is taken away.How are you currently structured?

Imagine a scenario where Johnny landlord has five houses.

I can't imagine a french drain working because there is no lower point to run it to.