Appreciation can blow cashflow out of the water and as long as you are cashflow positive you can hang onto it forever.

Until we take responsibility for it and learn to control it, we forever remain a child. 

The tactic is very effective at helping business owners and consumers stay connected.

In my experience on both sides of the table, it can be very hard to both describe the scope of the project, and understand the scope, without seeing it written down (and also very time consuming for contractors to come up with an estimate without the plans).

The bill is with the property, not the tenant/consumer. 

If I am the average consumer that has no working knowledge of a house, is it too much to ask that my RE professional, have some working knowledge?

As for goals I don’t see my self in my current field forever.

Another Buffett's quote is "Our favorite holding period is forever".

@Maksim Easley  This all depends on your financial position and comfort level but I always advise those who can to go as big as possible.Single family is very difficult and time consuming to scale from a rental standpoint.Several ways to get started are to invest passively with an experienced syndication, partner with an experienced operator or hire a mentor to help you.

HVACh units last for ever.