Not being able to cash flow with current market prices in a decent neighborhood.Not being able to pull the trigger to get started is probably my biggest.I will end my long into there.Brian

Maybe mentioning new haven, bridgeport and wallingford will trigger some key word alerts. 

There was a guy that did a post the other day who was 21 and already saved $100k.A lot of the times (this is not legal or insurance advice), but your assets can be adequately protected via proper insurance on the property which would included a liability policy, and then with an additional umbrella policy.Keep in mind, transferring a property from your personal name to an LLC could trigger the loan's due on sales close.

@Andrew McManus Have you thought about paying some of it down and refinancing to get a really low payment but still hanging on to some of the cash so you can pull the trigger on a deal in CO when it presents itself? 

@Paul DeRiu, I am about to pull the trigger on some cabinets made by Fabuwood. 

Make sure if you pull the trigger that the people you are trusting with your property are people you trust with your life.

We've been getting our house in order and getting things set up to do our first deal, and we are at the point where we are now ready to pull the trigger once we find the right property.Thanks for taking the time to read, and if I can help you in any way, please reach out!

Every lender has their own rules, but in pretty much every residential mortgage contract, there is a clause that triggers if the property is sold or transferred to another person or entity and this is known as the 'Due on Sale' clause.

OR just hang on to the chunk of money available until I decide to pull the trigger on another business idea. 

With standard wording, any transfer (subject to sale, wrap, AITD), an option, or a lease longer than three years will all trigger the due on sale.