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[quote=Anonymous][quote=Anonymous]It's a pain in the butt. I'm an attorney, and I self-manage 4 units that are nice enough to attract young doctors. I also have young kids. The last thing I want to deal with is another broken appliance, complaints about the water pressure, or the neighbors' dog. Cash flow is pretty good because I bought into real estate in my twenties, 1031'd along the way, and mortgages are at 2.8%. It will cover half my retirement expenses most years. I ignore appreciation because the properties will go to my kids, and they can sell at the stepped-up basis or hold on to them. [/quote] yup. This is my plan buy, borrow, die. We’ve done som many 1031exchanges and so much depreciation on top of depreciation that the only way to get rid of these is to die. However i have been amazing publicly with tenants. Not many issues or complaints. [/quote]
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