​"As you scale, there is another transition to make. This happens when there are at least three tiers in your company flow chart and you have to manage through managers because you aren’t working directly with frontline employees (such as maintenance technicians, leasing agents, etc.). This transition is, in many ways, even more difficult than the first. But it is necessary if you truly want to scale to 100-plus units."

An associate of Rudy Giuliani, President Donald Trump's personal lawyer, told a former CIA officer seeking a presidential pardon that Giuliani could help arrange one for $2 million, The New York Times reported Sunday.
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The detail came as part of a wide-ranging Times report indicating that several people close to the president had collected large sums of money in exchange for helping people seek pardons.

Buying with built-in equity allows us to BRRRR a property, get all (or most) of our money out, and repeat the process more quickly than we would have otherwise. Even if the "otherwise" here involved a house with better cash flow. Furthermore, it's built-in equity that protects us from the dangers of leverage and allows us to take advantage of its upsides (which are very big)

This doesn’t mean that cash flow doesn’t matter. You still need to buy properties that cash flow. There are a few occasions when the trends in an area are so strong it makes sense to hold a property even if it bleeds each month. But these instances are few and far between and should only be done with a small percentage of your portfolio. Going big on properties with negative cash flow is, more or less, just speculating.

“Unsurprisingly, worrying about personal finances also means that more Americans are deferring their bill payments during the pandemic. However, these vary depending on the type of bill, total amount, and immediate urgency.”