I just wished I started real estate investing years ago instead of squandering money.

If you get a bad HOA, they can squander the funds, create wars between owners, harass you to death over something ridiculous, and generally suck the happiness out of your life.On the other hand, they may be great.

You don't want them to squander and drag this out. 

@Richard Miller jr cash flow isn't everything if you have little to no control over the property it can all be squandered by mismanagement.

I can be highly compensated but if my time is squandered away plugging in 60, 70, 80 hours weeks, then a high salary does me no good in the grand scheme of things.I will keep you posted!

I’m doing all 3 strategies right here where a lot of our fellow investors look at our market, decide it’s too hard and expensive so they take their hard earned money and squander it on out of state 💩  and learn it the hard way. 

I usually increase the utility charge 15 - 20% over the historic average because tenants tend to squander utilities when they don't personally pay the bills.

I'm pretty fresh to investing, I'm in the middle of my first deal right now and it was a pretty odd one at that ( a rehab on a purchase option with a plan to use the rental income from the property to pay for the property itself.The deal is finishing up right now and although I'll probably end up making very little money with it I have learned A TON and I am ready to start investing more seriously.I'm pretty strapped for startup capital due to having extremelyy low job income but I do have about 21k in mutual funds right now that I could liquidate whenever I want and probabably have about 17 after taxes.One part of me wants to liquidate it immediately and leverage it into a decent first property ( or two) but one part of me thinks that I should save this easy money until I have more experience and I'm less likely to squander it.If i do save it, it could mean waiting years until I have a career which can provide that sort of discretionary income to start with ( I just graduated college and don't have any serious long term job offers yet).

They put in long hours, and their children are hard-working and not spoiled brats.The persons I know who squandered the family fortune were inevitably the children of new money.

On a side not I have decided not to take any money out of my mutual funds during the first two years so if I screw up during the learning stages I don't squander what I do have.