I addressed that, not beating a dead horse here. 

This is like closing the barn door after the horses are gone, but for the other readers who want to prevent this from happing to them, get a signed estoppel from the tenant prior to closing. 

Cashflow will help to get you off the rat race, but you have to own a lot of them.

If only some tenants receive default letters, then you run the risk of some tenant claiming you treated them more harshly because of their race, familial status, disability, etc.Good luck! 

End goal is out of the rat race and owning about 20 units with around 100 doors - would like 10 SFR and 10 SH.

I am 100 pages in and it is also amazing and really has gotten my mind racing and exciting to get going. 

As I approach a career transition, I am looking forward to starting a new business endeavor soon with my wife into the real estate world, with the goal of one day getting out of the proverbial "rat race."

That way, they can dispose of the house without destroying their credit in a foreclosure.If a wholesaler was to come in and steal what little equity the homeowner has, knowing that they're in a desperate situation, that wholesaler should be horse-whipped. 

Your age should have no bearing on your getting a loan; lenders are prohibited from discriminating  based on age, just as they are on race, religion, etc.

There is no harm in having another horse in your race.