Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.  

While you might not want to lose the tenant, it'll likely wake her up and rethink things

ONLY purchase training if its with funds you can afford to lose because of the failure rate.making connections is important and where success can come from.

Sad truth of our current legal system, but if you go through the eviction process and he loses all this stuff, you are in the clear. 

Logically I can't make a solid business case to cancel them, as the cash flow is fine vs losing it all with a tornado.

Lose the holier than thou attitude; this is personal finance not a religion3.

I guess a flat seasonal fee like any insurance policy, sometimes you win, sometimes you lose.

As long as you don't lose money. 

Cash flow is the buffer between keeping my property long enough to get rich and losing the property in foreclosure.