This community is full of knowledge, support, and inspiration for all experience levels.

They are a service provider - you can hire them to support a specific transaction, or not. 

Seven years ago before I met my now husband I was a struggling single mother supporting four kids on my own.

Interesting point about bailouts and government support.

Your savings is good, but your income won't support that many properties if you do them wrong and need to carry 15k min reserves for each one.Focus on what the next property should be, maybe upgrade to a two-family and see how that goes.

Thank you again for your support!

If I didn’t have the support of the group in addition to being coached by Palak, I don’t think I would have had the confidence to pull the trigger and would have been stuck researching Facebook groups and asking people but not getting clear/direct answers.

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

It's amazing:1) How many REFUSE to provide specific payment dates & amounts, supported with paystubs & bank statements. --- Logically, this tells us they really don't have a means to pay or they have no intention of paying.2) How many somehow adjust their budgets to pay rent PLUS EXTRA to catch up! 

In other words, did the appraiser not include any relevant comparables and/or data/facts, that would be better support for the Subject in the market.