I am bothered by the casual nature in which Diem speaks about her bankruptcy in that it seems to be one of convenience rather than necessity. 

You pay 10% for the good times an extra for the headaches.However I know managers essentially become a necessity.

In contrast, mid-term rentals are primarily driven by business necessity.

Thus the necessity of needing builders risk. 

Tariff's are a necessity. 

The FED Should start cutting rates Soon, out of choice or out of necessity.

i'd seek professional advice.Hi Nicholas,I see your point and I understand how since you do flips and rehabs that cash would be an absolute necessity for you.  

Originally posted by @Marc Haubrich:@Frank Patalano Finding the right mentor to help us get started, along with financing  A mentor is not a necessity but it is helpful.Instead of a mentor look for a partner that you could share the financing with.Keep networking until you find the right connection with someone else.

Obviously delegating responsibility is an absolute necessity, but I have vetoed the opinion of my PM before. 

Lots of good points out there, but hard for me to go back and pick out who said what . . .Some clarification from my view point:  I'm not really an 'investor' (maybe some day)  I had 1 SFH rental - more out of necessity, cuz I didn't want to sell at/near the bottom after having to buy (also out of necessity) at the top-top-very top!.