This is a huge pain in the butt to schedule...we ended up losing money on the turns for commute costs and laundry issues, so we dropped the account.

Private lending assuming return of 12%.2. buy some rental property : 15 years Loan with 20% down payment, I can buy 3 two family homes each cost $500k to $600k, each home will give rental income about $4000 to $5000 per month, it will cover at least all expense like tax+Mortgage+some repairs etc and once loan is done you got property, there may be or may not be any cash flow, but you have property loan free in 15 years.or something elseI Know lending is pure passive with minimum efforts while rental property has some pain, here my comparison comparsion on RoI(return on Investment), in rental property what is expected % return as compared to lending.I tried to find similar post, but couldn't find, if you know other similar post please paste link...Thanks

One of the most painful things I ever do is offer a "cash for keys" program because I hate rewarding bad behavior, but it's a prudent business decision.For your last question about a 1031 exchange, that is best left to your CPA and a very personal decision. 

I can feel the pain, I lived in Austin fro 4 years and the appreciation I saw in that time was tremendous but finding a good cash-flowing deal there was pretty tough.I specialize in the San Antonio market now and am finding that although it's INCREDIBLY competitive in the small multi-family space, you can still find good cash-flowing multis in areas that are experiencing solid enough appreciation to make it worth while.

The news is still bullish on the SFR market which is fair longer term but I truly feel there will be pain in the near term.

The rent is stable and as long as I pass the rigid annual inspections, which are a pain and can be very costly at times, the rent keeps coming in. 

I think the physical cleaning part is less painful that a non paying tenant.

This is my first inlaid polished marble tile floor.I'm not going to pretend I could really explain the pain I went through to lay this floor.

In my estimation, first thing to do is to find a bunch of properties, because the chance of the first person accepting your first offer are slim. not unheard of, just SLIM chance.Then find the owners, skip trace their names, pick up the phone and call them and see if you can find any pain or a problem to solve!

I'm originally California so I know that pain - and that's why all my early investments were out of state.Great areas have a few important things:1)  Population growth2)  Job growth3)  The income per capita growthIncome and people are the building blocks of real estate value.