The stress of practicing 3-4 times a week, then getting loaded in/out for actual gigs are what kill it for me. When things are tight, and the crowd is interactive, thats always a high in itself, but the ratio of work to pay-off is extremely low.
The easiest band I've been in was just 2 of us. My biker buddy on his acoustic, and me plugged in with a Les Paul, and a Death Metal pedal. We played quite a few coffee shops, and some local bars doing original instrumentals, and some reworked covers. Paid really well sometimes too.
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