It's not only time-consuming for all concerned but it's also the most likely time a tenant will try to manipulate you.2.

Personally, I bought my first property in LA at 23 and it worked out great, but I had a stable W2 job that did not consume all of my time, could easily pay the mortgage, and was/am passionate about RE.

Wouldn't you assume a generation consumed by technology glued to a computer or mobile device screen would want to see your message on that screen?

Hopefully the Trump administration gets rid of Dodd-Frank and it's spawn the Consumer Financial Protection Bureau.

I ditched paper long ago, it's just too time-consuming to print it, hand it out, collect it, go through it, and then have to ask tenants to also submit another form for screening reports.

These are not common on typical consumer loans but you will sometimes see them on investor financing.  

It is a time consuming endeavor that only rewards professionals with focus, creativity and determination.

You can't call up contractors or Consumer's Energy when you finally get a break at 1am from your studies.  

Since then I've been obsessively consuming as much literature on personal finance, passive income, business, and most importantly real estate, as I can get my hands on.

This makes sense because the code is written to protect consumers.