I live off of my residential rentals -- and I've started writing about the ups and downs just for the fun, the blood and the guts of it all...I totally agree. 

That situation could be fine as long as everyone is incredibly clear about the professional distinctions, but it can still create bad blood if something were to go not as planned, at your risk of incurring unexpected vacancy.

There's specific knowledge that can only come with ownership - buying and selling as a broker doesn't make up for the blood, sweat, tears, triumphs, and lessons learned of ownership specific to a jurisdiction. 

@Chuy GonzalezI am 1 for 1 getting burned by section 8 tenant costing me $7000 total with lesson learned. 12 years and first bad blood bath

No spirits can stay once you speak the word of God and the blood of Jesus.

I am forecasting a lot of blood in the streets in the next year or two. 

Imagine a 6200 seat amphitheater surrounded by Yamashiro's only location outside of Hollywood, Sugar Factory, Poppy Rose and host of other restaurant's. 

., so there is always new blood to arrive as those who have cashed out, or spun out, drift away.In the context of 50-100 years compared to other global cities, I don't take the "exodus" talk too seriously here b/c as soon *you* or *I* don't see value in it, someone younger, or more enterprising arrives and does see value in it.

The more blood and sweat he has in it, the easier you'll get him on board with you :) Best of luck!

@Yesenia Charles, You've spent time and effort and blood to build.