Bottom line, that was good. 

He has 20 years to follow up and collect from them, and somehow that helps with the grieving process when I think about money lost on their tenancy :)Bottom line to date: yes, I've been able to collect - but it takes time, and lots of it.

It sounds like he started from the bottom working on construction sites and stuff so it's cool to see someone do really well like that. 

Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷‍♂️As you know, our operation is boutique as we prefer it that way and I "touch" all investors personallyAnd even prior to that step we have tweaked and tweaked our investor on-boarding process.How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.A rigorous process to ensure both the investor criteria and our model are clear for all...I mean it took years and years to develop, adapt, change, etc...But I guess that ain't clear enough either for some 🙈

Bottom-line - I'd stick to newer buildings. 

Bottom line, the only person between you and your goals is you.

Quote from @Peter Walther: Misguided Attacks On Title Insurance Could Have Grave Consequences (forbes.com) bottom line is title insurance is a very small % of the investment to go without it to save a 500 to 2500 is just foolish full stop.

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- Don’t Get Screwed by a Shiesty Contractor- The Bottom LineThe Weekly 3: News and Data to Keep You Informed- The US population should outgrow most global economic peers.

Purchase price: $520,000 Cash invested: $57,000 I purchased this property when rates were at their bottom as my first home.