If he has a property that doesn't cashflow for a few years, it's nothing to him.Don't bet the farm if all you have is a farm.  ...but, if you have a thousand farms, maybe it's ok to roll some dice on a couple of farms occasionally...As with all things, it's all relative and contextual--which is why a hard and fast rule that makes sense for one investor might make zero sense for another investor.

Occasionally I'll find a property that has enough equity but needs to be rehabbed and I assign it to a fellow investor for cash or I take it on myself as a rehab project if it looks like a super deal.Occasionally I'll have a Tenant Buyer choose not to complete their Option Agreement and I wind up reselling to another Tenant Buyer for the same Option fee and same cash flow or Selling as a Turnkey like the two that have just become available.Sometimes I do training for a yearly fee and other times I do a Joint Venture depending on the student and the state.

As for myself, I am a seasoned investor specializing in small multifamily value-add with the (occasional flip mixed in) that came to be an agent out of necessity for my business and the expanded opportunity to help others.

Since we only lend our own hard-earned money, this gives us the confidence that they are the kind of people with whom we want to do business—and vice versa.Most people are good people, but occasionally, we meet a stinker.

Long-term rentals pose almost no issues for us - except the occasional violation for overnight parking at the street, trash bins being left out at the curb or lawn care.

We do this by risking 1%-3% capital per trade because of 10% occasional drawdown that will come with that, mind you. 

As important, all sophisticated investors will onlyconsider investment in private offerings that are Reg D, or occasionally Reg A, compliant.The most important aspect of Reg D is the 506 c offering, which ALLOWS generalsolicitation and advertising, and eliminates the requirement of the sponsor and investorhaving a previously established relationship. 

As I mentioned, I do almost all of the work myself, so along with spending my days at one of these units I get the occasional repair call where I lose a day or two working on the rehabbing of the units. 

It might be worth running the numbers both ways on future purchases and seeing which strategy fits your long-term goals best.BRRRR Today: In this environment, it helps to be flexible—maybe combining a value-add rental strategy with occasional flips or partnerships.

Tim does a 2 hour call once a month and occasionally appears on the daily coaching calls.