Most don't understand taxes:  For example, a girl with purple hair at my credit union did not understand depreciation, and I did not get into Cost Seg with her because she really would not understand that. 

Nobody ever went broke over a duplex, I know this now,  but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience). 

Hi all!I am kind of new to real estate investing as I got lucky the first two times but now I am looking to invest quite a bit more money and I am slightly terrified.  I would love to have a support of a group who kno...

Men with cats should get them only for their daughters because they love their little girl but still hate the cat. 

Me and the wife are having a little girl so my plan is to wholesale for the next year to better leverage my time and really develop that one skill in my skill set.

@Chris Seveney This reminded me of a line in a John Mayer song: "When I really start to break it down,I wouldn′t trust a girl who knew about this place."

The girl as no assets to go after. some states you can try and garnish wages. often times its futile

Fortunately, we didn't lose money on this property but just broke even.

I'm tired of being broke.

My post broke the quick math down of your hypothetical situation.