The unit was wrecked but I was sold a rehab project that would be much more expensive so that the unit could be converted into a bigger living space; the idea being that we could get more rent out of it (close to $1200 vs. $800/mo).The rehab was supposed to take ~ 3mo.

It’s costing you thousands of dollars post-tax plus wrecking your DTI. 3) sell your current home tax free and buy a duplex or fourplex.4) AGAIN: figure out the ownership structure and the breakup structure.

However, just when I THOUGHT I DID, often something happened totally out of left field that wrecked havoc on my predictions and analysis.  

The healthcare system is a wreck and hospitals don't care about patients or staffing.

I mean wrecked.

Once you start getting a good number of properties this becomes more difficult unless you're constantly buying wrecks that you can book big losses during the year.

Fast forward a few months, and they have non-paying tenants who are wrecking the place, and a MIA property manager who (understandably) won't put in the ENORMOUS amount of effort required to manage a property in a C or D area for a small-time client from another state.

A lot of the posts make two really good points: (1) a lot of people are trying to sell their services to newbies, which is completely understandable but can be a train wreck (I almost made a bad choice in 2022 when I was a newbie on the site and trying to get my feet wet).

We have had a couple of freezes over the past 10 years or so that wrecked some havick that we normally don't count on. 

This will teeter on all areas getting absolutely wrecked--marriage, kids if you have them, etc.