The Mortgage Professor has tons of articles about this on his site if you want to read through them.

Hi, I'm Andrew Lee, a college English professor and a small real estate investor for five years now.

We moved here from California because I'm a professor in Canada and commute back and forth and have fallen in love with the Midwest (never thought I would but I did!)

Contract law can have real teeth and being sued for specific performance could be compounded if the seller has other actual damages.A law professor once told me "We can't make you buy the house, but we can make you wish you had."

Besides, contracts, union arrangements, etc. have a way of deteriorating over time, so don't make a decision based on expectations that may not come to fruition.FWIW, I have an MBA in Finance, and one of my grad school professors was sufficiently impressed w/ me that he encouraged me to get my Doctorate and go into academia.  

He was a Marketing professor at the time he wrote those books based on surveys of millionaires and interviews with top sales people.

I guess I am just too economically immature to really see the forest for the trees in regard to synthesizing the conflicting views and predictions of various economists, including the Wiedemers who have made many unambiguous and harsh assessments and predictions, Dalio who produced that video and who is a successful hedge fund manager, this professor Fullenkamp I have been reading up on, and Krugman whom I am aligned with politically.

I finally jumped in after finding 2 live mentors one guy from my church who owns 50 properties and is a contractor and another guy who is a real estate professor at a local college.

It's actually an old sheet one my real estate finance professors had given to me back when I was in school.

On the flip side, my  college Bachelors of Science in Busines Administration was real estate focused, and it's hard to compare to the education received in person from a professional professor; however, with skyrocketing college tuitions, I wouldn't recommend the university system for Real Estate education.