Worth a $50 gamble on good cheer to me!

The gamble did not pay off.

This is a new adventure for us.

Especially now since they are the leading asset class to go into foreclosure.This may just be my bias, but i think retail and office may be the best items to buy in the next few years (for those able to) That sector is getting hit so hard across the nation right now and the downturn has been so hard and fast that when the cycle turn comes in the next 3-5 years and jobs are created and economy is improved people will get more adventurous and they will raise in price faster then apartments, self storage (is dependant on moves down It seems and when the economy is improving people don't usually move down), mobil homes i don't know.Of course anything can be a good buy especially if you get it at fire sale prices like today.

If the executor of the estate finds out s/he will justifiably demand a refund.If you cannot comply you may experience some unpleasant litigation, as well as potential criminal charges.Are you really willing to gamble a judgement and lien against your 30-unit apartment building?

Just buying assets at .50 cents on the dollar or better... stay deleveraged..Why would you leveage personally... that defeats the purpose of what you are trying to accomplish..Ie... alot of books and people teach when starting out... to pull cash out of their personal residence...That's gambling yoru sole goal is to get personally free of debt or at a very debt to income... 30% or less or so...So, you build a business that uses leverage to create or find equity and duplicates... and then get equity out...Imagine you were back in times... and you found out you could mine for gold...You go out and find gold... and then put it on the shelf hoping one day it would be worth more... well of course it will....but, the moment you found it... is the moment of highest return...

It's such a gamble.

Unfortunately, finding those great properties can be a challenge.Keep us posted on your adventures.

I'd highly recommend it as a roadmap to setting yourself up for FI, and it may cause you to rethink investing in your 401k in favor of better returns elsewhere.Here's to your REI adventure!

@Mark Rocha thanks Mike, didn’t consider “tenant caused” being new but this is where the venture and adventure in REI begins for me!