However, the notion that most wealthy and successful people never went to college or dropped out is simply not true. 

I usually stay away from the political threads as I just don't enjoy them but I will have to say this:I agree with Tim on this notion - Worrying about something you have no control over is futile.

In general, and I know a lot of members may disagree with this notion entirely, the market here tends to correspond much better with long term holds than month-to-month cash flow.That is not to say it is necessarily one or the other, nor that the opportunities in our market are for everyone.

I'm intrigued by the notion of a round-robin auction.

Defending Property Managers.Let me start by saying that we manage our own properties, do third party management for others, and use third party managers as well - so I feel that we have seen and done just abut everything both good and bad.I think that all the responses here have merit but I will take exception to the notion that property managers are expensive and cost to much. 

The vast, overwhelming majority of LLCs are worthless.I realize that may be a controversial notion on BP.  

The rules of Monopoly are such that a mortgaged property CAN NOT cash flow.I'm a little bit biased, to be fair, but I'm going to have to go ahead and disagree with that...Furthermore, a political agenda is revealed by the notion that you can just pay a little money to get out of jail.The premise that your real estate success depends on a role of the dice is additional condemnation of the game.

As @Wayne Brooks implies the notion that a bidder would be able to unjustly purchase the property for an amount the bank or their attorney didn't get to set their minimum bid wouldn't ever happen.  

The crash in 2007/2008 pretty much wiped out the notion that real estate was guaranteed to appreciate, and it has left a bad taste in a lot of people's mouths.

Then I came upon this website and that misconceived notion of having wealth to start is now a thing of the past.