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My step daughter owns a well established restaurant and she does a lot of wedding rehearsal dinners and big groups. The stories that come from the crazy *hole bridezillas and mothers that set up these events would be enough for me to never want to be in any business related to weddings or other family events. The stories from retirement, anniversary, birthday parties etc. are similar.
If you've never owned investment property before continue to do the research you are doing. I just spent 4 years managing a 6 unit apartment building I own while working full time. The place is now to the point where I've hired a professional property manager as I transition to part time work. It sounds counter intuitive to hire a professional when I'm working less but with the landlord tenant laws rapidly changing and me tired of the text messages at 10pm about the smoke alarm beeping or toilet clogged it was either sell or step away from the day to day. Luckily the cash flow is good enough to do the latter.
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Jerry
1983 911 SC/Carrera Franken car, 1974 914 Bumblebee, 1970 914-4, 1999 323ti
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