As far as being a LL, it can be a pain at times, but, since we bought most of our properties many years ago, in what we considered profitable locations, we’ve found it’s been well worth the effort. But, as some have said, it’s not for everyone.
My sister and her husband sold all of their residential properties because she couldn’t stand it, and went into commercial years ago.
As a native San Diegan, I’ve seen families (ours included) who have both sold the homes of relatives who have passed on, and many more who have kept them. In most cases, the ultimate deciding factor was the location of the home.
In cases where the home had been purchased at an extremely reasonable price, had an ocean view, acreage, etc. etc., most have been retained by family members, and I think that trend will continue over time. At least that’s what I’ve seen.
