If you have heard the phrase "don't put all your eggs in one basket", you will recognize that the concept applies to real estate investing as well.

I learned to recognize tenants who will likely stay. 

This immediately struck me as odd as I wasn't aware of any form of compensation to the PM for any maintenance related activities, just 8% of gross rent and 1-month of rent to lease the property, per our contract.Naturally I wanted to understand the nature of this arrangement, specifically how much mark-up is being charged, so I referenced a specific sewer repair bill from 2015 that was $2,600 and asked him if he could provide the vendor invoice so I could understand how much the vendor charged and how much revenue the PM recognized.  

You recognize it is cash flow negative. 

Which is why newbies and probably 90% of any residential investor doesn't have a clue about the full spectrum of what needs to be recognized and that's 120% of all newbies.If you must go there, get a HUD Credit Counselor's license, your other option is the get a law degree and pass the Bar. :)

A direct attempt at seller financing will result in taxes being recognized for the value of the carryback note (making the exchange less efficient).

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

There is something illegal about it because Federal laws trump state laws and the Feds don't recognize medical marijuana laws.DEA states it's a Schedule I substance with no currently accepted medical use in treatment in the United States.The DEA doesn't want a casual user they only want the growers and trafficker of larger quantities of pot.

I'm sure Michael Spencer recognized your sarcasm as we all did.

Let's recognize that all input here is just a drop in a large bucket of opinion, even with graphs.