Originally posted by Gash Nag: I read on this forums to expect $10/sq.yard ( $5.50 for carpet , $2.0 for padding, $2.50 for installation.

I doubt this would happen but I want to keep all my bases covered.ThanksYou'll have to rely on the insurance, but I wouldn't let the fear of a frivolous lawsuit influence your decision.

I have an agent who is reluctant to get involved with our business because of fear of losing his license.

I am concerned about getting back a damaged unit that will take a lot of money to repair, but I don't want to let that fear push me into making side deals with tenants.

My biggest challenge right now is fear of making a mistake and a general inability to estimate make ready costs.

Like stocks, you want to buy low (buy on the fear as Buffett would say) and sell during prosperity.

Time constraints or lack of knowledge or even fear are their hurdles and most simply want to deal with a company they develop a high level of trust with.

The fear that I've been having is getting stuck somewhere and having nobody to turn to.

I know other family members who work a regular JOB.Their mindset is put money in savings in case of a medical illness or rainy day fund.Take 1 or 2 trips a year with vacation and that's all they aspire to be.They look at me and what I do and think "I am lucky" or "I have it good" that I have my own business.They think I sit at home in my office all day and do nothing.They do not realize I am putting in way more hours than they could imagine.I am sacrificing now so that down the road as I get older (36 now) I can take it more easy.Meanwhile many of these (savers) will be working as a greeter at Wal-mart at age 70 and complaining about social security not being enough.I am not going to be one of those statistics.A family member that is 68 has their house paid off,car paid off,and with social security still lives hand to mouth.I try to explain they need to grow that money to stay solvent but FEAR is what grips them from making a move.Whatever everyone believes we know we are born and in a certain amount of time we die.Where we go after that is up to each person to decide.So you do not have time to let FEAR keep you from making rational decisions and not living life.There is risk in everything.Successful people taker calculated risks and on average win more times than they lose.I guess I would be 4 and 5 since I have my own money but also buy property using owner financed deals.

I think if I buy the 1st property I'd be ok on the maintainance and finding tenants.My biggest fear is the quality of tenants I would find in that area and the eviction.