You really can't assess your risks until you know or are fully aware of who the seller is.I'm not writing a book here, just trying to beat the word count in Dion's posts. 

Quote from @Bruce Woodruff: Quote from @Peter Mckernan:Up front (First Contact) Red Flags - 1) Everything should be in writing and very detailed 2) There should be a very specific Scope Of Work3) They should not ask for much upfront $$, certainly no more than 10% - if even that.

(With your stellar reply, you gave me courage. lol) You did a good job of writing a reply that was more realistic than simply cheerleading somebody to push themselves forward to being a guest on podcast faking it till you can make it.

Ppl get testy about $ and things like their home(s) thus enjoy seeing others "squirm." 

For example, bank accounts we control and specific investor capital accounts are all tracked in this same software.For our investor reports, each month we download spreadsheets, write a narrative for the month's performance and then export it all to a PDF.

The posts also read like advertisements/ something a scammer would write, and the property address somebody mentioned above that supposedly closed in 45 days, hasn't sold since 2006...

Enjoy!

Enjoy the process, and may your journey lead you to a rewarding and successful outcome!

If the deposit does not cover the charges, then you should consider whether you want to pursue collecting the unpaid balance or write it off.You did the right thing, and the tenant's behavior proves you were right.

I'll be honest with you all, sometimes I dream of selling it all and just having 2-5 paid-off houses, enjoying the extra monthly cashflow and just enjoying life.Maybe one day I'll act on that dream and deleverage the way Dave teaches.