I get that it is for my own protection and compound interest over time has been amazing for my 401k but it just bugs me not being able to access my own money when I see fit.Thanks so much for the comment.

This model works well for us because although not using leverage, we can compound our investment this way and expand almost as fast with no debt.

If you have reserves you have confidence, and time to properly qualify tenants (weed out the bad ones) and ask the one that somehow turned bad on you to leave your rental unit as soon as you think it needs to be done so you do not compound problems with differed maintenants!

You have the power of compounding earnings on your side.For this house, is it going to need any work done to it before you can rent it?

Auction company must of got tired of watching people bow out cause they couldn't perform.

I'd recommend reading The Compound Effect by Darren Hardy.

*Bows to Josh and Brandon* I'd like to help out around the forum but I don't think I know enough to help others yet.

Are the foundation walls bowing in?

If the inspector finds things that you aren't going to be addressed or don't want to deal with then you are allowed to bow out of the contract (if done within the deadline times).

“Compound interest is the eighth wonder of the world.