(Fortunately, we were insured)Emergency Fund: Always have extra cash for unexpected events.Tenant Support: Keep good communication and support your tenants through tough times.Final ThoughtsThis July 4th was a disaster, but it’s also a stark reminder of the unpredictable nature of real estate investing.

That means don't bite off more than I can chew, it also means get a good grip on the risk of owning it and avoid things with high risk- don't have losses.

We are in a reverse frog boil environment  - Instead of boiling to death slowly they raised IR so fast that people are unsure/unclear when it's a good time to come back in - they will more than likely lower rates 1/8 to 1/4 point at a time, incredibly slow to allow the market drip back to normal preventing a surgeI'm also seeing people drop $5,600,000 in cash to $13,000,000 in cash like it's nothingCash rules down in florida even on 889K deals 

@John DeanIf it’s going to be owner occupied then you should use a loan servicer as its required by law in most states and for every incorrect statement you send every month you are committing CFPB violations and if the borrower defaults you are technically not allowed to collect interest - in some states if they have a good attorney and default they could wipe you out in legal fees…My bigger question is why would you seller finance?

Currently working as a lab scientist which relatively pays good but then again I'm not sure if I gotta start real estate after years of saving?

Outcome was good- we bought low and sold fairly high Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hello DaivertWhat's the primary reason for investing in Montgomery: Good Rent/price ratios and also appreciation?

I've never bought a property this way and curious if others have done it and if you think it's a good idea and how you make sure to protect yourself. 

Good luck!

@Cody FlicekThere are good deals on Crexi and Loopnet.