Cash flow is nice, but chances are you won't get rich on cash flow alone.Syndication investors (and investors in general) must take advantage of the opportunity to redeploy their capital once they receive their refinance proceeds.It's true when you receive, let's say, 50% of your capital back, you are now earning a preferred return on a smaller amount of money, so you're getting less cash flow in that deal (even though it is likely your COC% went up - more efficient)But if you take that 50% that you received back, and reinvest it in another deal, now you are earning cash flow in two deals, but what is more important, you are now sharing the upside in two deals, not just one.Refi and Redeploy.Don't get so hypnotized by the set-it-and-forget-it mentality that you don't continue to make your money work.Take advantage of the opportunity to build massive equity and grow your wealth.When you get that money back from a refinance, redeploy it.

The only rule is that she must remember something that was discussed or she cannot come back with me.The other day, she spent a few hours working on a mental puzzle game thing.

If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.

Out of those that keep their license, 80% of the sales are handled by 20% of the agents.The bottom line: you need the mentality expressed in the meme below.

Perhaps look at ways of boosting the revenue or cutting costs to make up for the PM expense.

We just tend to mentally think of this stuff in a different way as they are not labeled "fees". 

But it would also lead to a significant increase in headaches, mental energy, and problems I'd have to deal with daily. 

Always stay mentally prepared for something to come out of left field.

Quote from @Ryan Moyer:The problem is anyone underwriting based on 2021 numbers may inherently have bad fundamentals because that travel boost may or may not last, and no one is underwriting with 2019 numbers because if they were none of these homes would be selling at the prices they are. 

We clearly got a boost from Covid - I don't think there is any question there, however, I don't think we are going to see a dramatic scale backwards either.