Paying for the reports myself, would also completely eliminate the issue of whether or not their check cleared...

After several such instances, I learned it was better to eliminate the stumbling block in the middle and do my own searching.

Took the CLEP tests to eliminate a year of classroom learning.

I will be eliminating alot of tenants if they must be internet capable.

:D There's kinda cashflow and then there's cashflow (Just like mostly dead and all dead).I will say this - if a person can start from the 1% perspective, they will very quickly eliminate a lot of shark realtors and developers and will actually start to find an area where cashflow in excess of the 1% is possible.

Service calls are virtually eliminated for the next ten years.

of course it eliminates interest but are there other pitfalls I may be overlooking?

Make sure deed of trust eliminates right of redemtion

We can ultimately eliminate risk by creating a land trust on purchase properties.The Land Trust is a legal entity, therefore it can assume a loan, create seller carry back financing, etc.

Going and doing a first deal cold turkey with no knowledge is a good way to learn what not to do, but i think by first getting educated will help to eliminate the doubt one has, and also help eliminate the risks involved with the deal.