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Diversification - good leveller having % in shares. Balances out the 'what if I don't have a tenant for 6 months + agent's fees + incentives' scenario (it does happen).

Why bother selling? Sure you may not be able to release the equity in the asset, however buying/selling costs will eat into your capital and returns and you will need to be cashed up when you buy the next one which means sitting on cash once you've sold and getting a poor return on the cash.