I especially appreciate the ones who didn't take 30 years to become successful, because I may not have that much time left:) To those third generation investors fortunate enough to have 50 years experience in the same , I do sincerely appreciate your willingness to share valuable insights.

But in one case I needed an easement that was over 6,000 feet long, fortunately I only crosses one owner's property and had legal grounds.

@Michael Glaser Jeff B.I work in the consumer loan delinquency analytics space in a fortune 500 bank.In the data science procedures we use, we can prove that FICO score is definitely predictive of delinquent account behavior.

Fortunately I have a nice chunk in there.

@Mindy Jensen  is the 121  queen I myself have done it 6 times since I bought my first home in 77.. and will do it one more time before I call it quits.. now I was fortunate that all of them were in the SF bay area and 2 were in Portland.. so I have literally made millions tax free..the specialness of this is unlike when you own rentals there is no recapture and huge penalty when you sell.. you sell get your gain tax free no recapture its by far the best treatment in the US real estate tax code in my mind other than or equal to 1031 if your goal is to roll up and give to heirs at stepped up basis.but yes many builders have done this over the years.and yes you can value add you can do what ever it just has to be your primary and live there 2 of 5 years.. they darn near changed it to 4 years in the new tax code but it got bounced last minute and remained the same.. so in my humble opinion yes its common and maybe a lot of folks don't know it.. but it is truly special and sure has treated me well personally.now if you live in an area were there is limited to no appreciation its not really a factor.. if you bought a home for 120k and sold it 15 years later for 160k  well not going to make a huge differencebut for those in areas likeCA  WA OR  Austin parts of Chicago Boston DC  Miami Charleston etc etc its HUGE>

I've had the fortune too live in both metro areas, and they both have positives and negatives, and I've seen stunningly beautiful properties and stunningly bad ones in each city. 

I'm fortunate that I travel there about monthly for work, so while it's out of state it's not inaccessible for me.

I feel like I am confused on this topic  Assuming there is no vast family fortune or kids from previous relationships, there is no need for a prenup. 

Even the Fortune 500 companies pay consultants for help putting together a business plan, not always because they lack expertise in an area, but because they lack perspective from being too close to what they are doing.When there is a large amount of capital at risk, either yours or your investors, a comprehensive and realistic business plan is important. 

Fortune Builders was like 10k, I mean, who has that kind of money to throw down?