Pain in the *** factor ÷ ROI.

If you pick a bad tenant in any state, it's going to be a pain to evict them and when you do, they can always put rocks down your toilet or cement.

., it seems to be a fine tool.But if you are a real estate investor with a few properties to track, it's really painful.

We tried outsourcing it for the first couple years and it was an absolute disaster.It was a painful process bringing it all in-house but we got there.

The debate can be summarized as: For smaller properties trailing financials have many reasons to be wonky, but many believe it is a good signal of transparency and (as @Ben Leybovich points out) this higher variance is exactly why due diligence on the leases can be more important for smaller properties.Line between "commercial" and "residential" seems to be driven mainly by number of units (i.e. is it eligible for FHA loan), even though many commercial banks will underwrite loans on residential properties with fewer than 5 units (especially at larger loan sizes).Is 7809-7815 Franklin a hot deal?

It's a pain to hire people, it's a pain to train people, turnover is a pain, leasing office space is a pain, etc.  

It is the only house we own, and it is obviously a pain to manage.If we sell it now we will be at a net negative on the whole thing, but won't have to mess with it anymore.

The comment above about the commentor never doing this, that's because he hasn't been in enough pain on a property to need to do this. 

Floaters are painful today, but fixed was painful a couple years ago if you wanted to sell 3 years into a ten-year loan.  

for me it gets tougher and much tougher as I get older.. aches and pains are far more frequent.Living in the Napa valley for years wine was a daily event. and of course a martini before the wine.