If using a PM the returns fall to be comparable to LTR.  

Holly, homes in Ballard that are prepped and priced right are selling well in the summer/fall.

All it takes is one slip and fall or other accident and you'd be toast.

Not to mention that all their ROI calcs depend on cash flow of course so long term return calculations also fall apart. 

And yet I would bet that any property that's not brand new or fairly new, will have some items that could fall into this category.

Not sure how that is me playing the victim...Seem to be a lot of defensive and confrontational PM's on this thread. 

When you buy a property, and hold a mortgage on that purchase, the excess cash you have between rents and costs is a form of profit but the short fall is NOT a loss, it's additional capital investment. 

Half of the new construction in Phila (that had to be permitted) is falling apart due to negligence of contractor and inspectors. 

She's stealing money from you and then playing the victim when you refuse to let it continue. 

The current thought is purchase a 4 unit in the spring as a primary home and live in it for a year while renting out my childhood home and purchasing another duplex in the fall to put me at 10 doors, then move back into my house at the end of the year lease and after a year in the 4 unit, whichever comes last.