Like Rich, I began my working life near the bottom, my first job was as a fry cook at a burger shop, then a diswasher and other odd jobs until I joined the Army to pay for medical expenses for my second child.

Here's my analogy:Hotel investing is to apartments as owning a McDonalds is to owning a mom-and-pop burger joint.Hotel investing is actually more passive because:1.

Welcome, @Robert Burger!

I currently flip burgers but I'm more interested in flipping houses which is why I joined bp, to gain more knowledge from like minded people.I do have two questions to ask anybody investing in the texas market.

Let me put it another way: It’s though I am proposing to put up a hamburger stand up and hope to make a go of it while Burger King and McDonald’s are just across the street.

Those dollars signs tell us Beer and burger or steak oscar and champaign. 

Maybe a Check-E-Cheese event?

He is not poverty stricken, so there is absolutely no free government cheese for me.  

So, that is of course a nothing-burger and again nobody asked about that since the question was what would motivate someone to buy these deals.

My bank can refinance at 70% of appraised value, so at $70k less closing cost, I'll have enough coin to take the kids to Chucky Cheeses (if it ever opens) and have an income producing asset for ZERO out of pocket cost.