Primary residence is for your family and for your life, so you don't consider too much financially, though you have to. As long as you can afford, you want a larger and comfortable house to live in. You are going to love your house, more exactly, your home.
A rental house is there to make money for you, so you primarily think of income. You don't care if it is a good one or a large one. As long as it can make your largest profit, it is a good one. Black cat or white cat! You are not going to fall in love with your rental house. At the time you need either sell it at the best time to make the largest profit due to the market condition, or you need the cash to buy more, just go a head to sell it. When you fix you own home, you want to use the best material. But when you fix your rental house, you need to think it more financially, in stead of more emotionally.
May be that just one small part of what Little Stone mean.
A rental house is there to make money for you, so you primarily think of income. You don't care if it is a good one or a large one. As long as it can make your largest profit, it is a good one. Black cat or white cat! You are not going to fall in love with your rental house. At the time you need either sell it at the best time to make the largest profit due to the market condition, or you need the cash to buy more, just go a head to sell it. When you fix you own home, you want to use the best material. But when you fix your rental house, you need to think it more financially, in stead of more emotionally.
May be that just one small part of what Little Stone mean.
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