Any details on down payment requirements or other details from your past deal(s) are appreciated.Additionally, if anyone sees a flaw with this mentality, please let me know.

@Marc Rice Great mentality, thank you!

I would also ask if you have any prior experience in investing such as the stock market or not since the mentality of investing rather than speculating is one that is easy to explain but hard to put into practice.

Although I wish I could have started earlier, I know now that I wasn't ready financially or mentally.

@Joshua Roat Great mentality, just need to keep up that action side of things.Good luck

It sounds like part of your mental hurdle is based on what that $ can get you relative to your market.

Do this, and I promise you , you'll look back after you've continued along the same mental frame of mind regarding "what is a loss", and wish you had invested your remaining cash into a deal that recovered the $1500...and then some.

This mentality needs to be considered on an investment of this size.

The landlord was sued for millions, but sadly the mental and emotional damage to those poor women was far worse than any money could compensate for.From what I have seen, I would guess half of "mom and pop" landlords don't rekey, which is sad.

A mental hospital called me on his behalf because I threw away his meds.