It is incumbent on people to recognize that there is risk in these deals and that they should not invest if they feel uncomfortable with the basics or don't understand the deal.  

Every time we get some bad news on a deal and sometimes even just a routine slowdown for stips etc., he's ready to hit the wall.

I have to applogozie for my puppeteer routine....I should have also stated that I am an experienced mortgage broker, been in the industry for 8 years, the last 2 specializing in investment loans.I could give you the names of over 25 people that have successfully closed rehab loans based upon the after repaired value with no verification of income or assets.

I really dont know how to define myself and feel uncomfortable without having goals.

Yet if you just go back to your normal routine no RE education investment is going to pay off.You have to do something with what you are buying.John Corey

I'd only have my personal mortgage left, I'd still have a little bit of reserves (along with the 50k I started out with to invest), but I'd also keep another $800 in my pocket a month.Debt makes me uncomfortable.

MikeOH said: " evictions, legal costs, damage, lawsuits, and many more of the expenses, but they do exist; do occur with regularity; and they are significant "MIKEOH,I appreciate you becasue you're not afraid to tell people the uncomfortable, cold, hard truths.

I'm uncomfortable going downtown in the middle of the afternoon.The Cincy/Dayton convergence is really happening right now.

Even if you manage the property yourself you should still include the 10% in your calculations unless you are routinely in the habit of working for free.

When problems arise in partnerships, especially those that started as friendships, things can get sticky and uncomfortable.