@John Underwood I hear you John, I am not disagreeing with you honestly I just wanted to showcase my accomplishments thus far, I am not thinking in the case of what can happen and thinking of the cases of what I can keep in control of. 

I do not disagree.

I know there were many who purchased in CA in 2006/2007 who wished they hadn't and paid a life-changing price for it.One area we will have to agree to disagree on is your matter-of-fact statement that you are "almost always guaranteed to lose."  

Now, probably after a long and drawn out court battle, a plaintiff can probably get the lien removed as a “sham”, but a cursory examination by the typical plaintiffs attorney would probably not produce that conclusion.  

And also, I completely disagree with you on all your points.

My recommendation would be to be specific with him and outline exactly what you disagree with and why.

I read this last night from “The Book on Rental Property Investing” by Brandon Turner: Break even on cash flow or lose money on cash flow, and you are on a path to financial ruin.I’ll repeat myself one last time: Buy rental properties that offer cash flow today.I’m interested to know whether experienced investors Agree/disagree and why? 

And when I have two different CPAs that disagree, it really makes me wonder haha.I did not see your question when it was originally posted.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Some could disagree as getting all cash and putting it in the stock market would yield a much higher return than the rate on a loan.2.