I may be a tad optimistic but I firmly believe that there is money to be made in any market - you just have to embrace what ever situation you are in.

The second issue is a liability as, in theory, the LLC provides a layer of protection in that the potential claimant can't penetrate into your personal assets; the LLC would simply file bankruptcy, and that would be it.

And if that $1M asset comes with $750K of debt, you'd better believe (and I do trust my PM) that I'm laying eyes on it myself from time to time.So if starting with a single $50K property is just a first step then I could see embracing the travel costs.

Now, you might ask me, “Vinney, I would like to actually have all my students take an excel worksheet and write down the area they’re going to penetrate and also the broker’s name, their phone number, their e-mail in the next column, and then the brokerage house, realty house that they belong to and then you put ten different columns: first contact, second contact third contact, fourth contact, fifth contact.

That is moisture penetrating the stucco from either not being sealed properly when first painted or the stucco cured to quick when first applied. 

I like your idea about the caulk at the wall penetration and around the base of the toilet.

Embrace it all and keep moving forward.

Drill dowels in to the basement wall (right above the batten bar, don't penetrate the waterproofing layer) to make a rigid connection for your new slab to tie-in.

Since then I have embraced the abundance mindset, focused on consistent marketing and have built a great team.I primarily use direct mail and bandit signs for lead generation.  

There are many areas with crumbling mortar, and areas where there is clear evidence of water penetration, but nothing too serious.