Some of those ideas, if you can survive making the link in relations between the asset they use in example to the asset you wish to apply, then those may help.

Educated playing will make you money, but you WILL sometimes lose, and you have to have a wallet big enough to survive those times.

With an assignment in addition to possession, you sit with both pieces in a strong place that can survive most (if not all [I don't know of any]) challenges.None of that is an effort to say, do not worry about intervening assignments.

Kinda makes me want to ask a realtor who survived the market of the early 1980s.

While we understand all the reasons to leverage using OPM, we are a little reluctant until we can figure out the right balance so we could survive a market downturn.Our motivation is we are close to a point where we will have to do that if we wish to grow.

If you borrow a lot of private money for several rentals, having them all be non recourse might benefit the lenders in the event that one of the deals goes south...if walking away from the bad one allows you to survive and continue servicing the remaining loans.

Be prepared to compete with those guys or try your best to become one of them if you want to survive and thrive in this business.

You'll find that you can then survive on a very low amount of income, at that point save a years worth of expenses and then, after you've researched exactly what you want to dive into, dive head first.

That said, it sounds like cash method is simplest and better suited in our case, except for inventory accrual - is this considered a hybrid accounting method, and will it likely survive an audit?

@Sharon Vornholt do you send your letters when there's still a spouse surviving?