;)I'm guessing that you've got some flavor of whole-life insurance that will, some day, provide income to you.  

I did 2 years of reading 1 book every month, listening to just about every flavor of BP podcast, watching youtube videos, and networking before jumping in and it does change your life.

I know the preferred flavor is single family homes.But, I have a chance at a condo in a well established high rise that provides a leasing company.

I will take a stab at why the caution, and please let me know if you agree or disagree ... it seems to me that even among the NPNs there are different "flavors", but the main ones that come to mind that I think are pertinent to the discussion are:1) Non-performing 1st with sufficient equity (from the LTV and/or discount you got) such that you can foreclose to recoup your investments plus make a decent return.

And lastly, myself, supervising remotely from some tropical beach with great wifi and delicious fruit cocktails with little bamboo umbrellas :)  

What you read in the books is informative, but does not replace experience, and each one of the people here can have a different flavor of experience when it comes to reality. 

If so, you may be forced to take a private loan, or see if a bank in your area will give you flavor of construction loan. 

Make the time to enjoy some of the local flavor on the keys (Siesta, Longboat, and St.

If you only have the 20k I certainly wouldn’t risk it hoping their secret sauces is my flavor.

So its not that issue for me.. its simply what I experienced and we probably were not good enough at it (landlording) even though we might have thought we were... bad tenants simply come in every flavor of the rainbow..