The truth is that any equity above 90% of the value isn't real. 

I gave a pretty lengthy presentation on the truths, myths and such for nightly rentals at a recent RareBird Investor Network meeting, so feel free to ask more questions.

In truth, your subject property will probably vary in a number of ways from the comps, so you need to calculate these allowances for each one of those differences. 

Some people will give the Seller 30-60 days extra where that is held in escrow - but the truth is that if you are clear and up front with them when presenting the contract, it won't matter and is not necessary.Finally, the reality is that if you do proper diligence and have a reasonable feasibility period (e.g. 2-3 months is standard for any commercial property) then you will be fine. 

In this case a legal secretary who had a net worth of $9,000,000. http://m.newser.com/story/258891/secretary-lived-frugally-for-96-years-then-donated-millions.htmlThe truth is that I don’t find this story motivational.

You'll need to run through quite a few agents to get one that takes this position, but it's the truth.

Truth be told every single individual has different aspirations and definitions of what being "successful" truly means. 

I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish.

I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish.

They can start out great then run into financial issues which become your issues.. all sorts of things happen.But at the end of the day you have basic truths..