I would start attending meetups and going to events to get an idea of how others have started.Strategies are plenty.

Yes people lose it all, typically because of over leverage or crazy events like 2008 - but if you also have cash reserves you can offset any downside to minimize risk even moreWhen people start using lines of credit and seller financing at 90-100% you are correct those people have a very high chance of losing it all.

It should take rare events such as Great Recession or Covid to under perform an underwriting.  

The next one will be Oct 24th, I'll be posting that soon in the event forums as well :)

My best advice is to meet your lenders face-to-face at real estate clubs, conferences, or other professional events.

The hope is the homes appreciate to the extent the cap ex repairs can be absorbed but until that event occurs operating these homes will remain challenging.

Hello,My wife and I are looking to acquire the 22 acres of land that just went up for sale next door to our five acre Jiu-Jitsu event center.

Auction.com is free and has event notifications if you want to know when/where auctions are held. 

We have a local REIA (REIA Rico) starting this month on the 4th Weds of each month. 

@Jingwen Dunford It's also common to have the waterfall structure of an operating agreement define any excess cash over the preferred return as return of capital in addition to capital events such as a refi or sale.