Your typical 85% LTV Cash Out FHA refi is/was the habitual debt addicts, the folks who rack up $30k in credit card debt, and every few years consolidate it into an FHA cash out refi, a lifestyle choice predicated on assumptions about real estate appreciation continuing forever.

We all had our doubts as this rate was unbelievably low.

We had places with unbelievable rise and falls, and other place where things were moderate.

The side affect that I’ve discovered is those 2+ hours I use focusing on and chatting with others about real estate projects my day into a positive supernova that is EXTREMELY addictive because it also puts me in an amazing mood to tackle my W2s day.

They are around $70-$100 on Amazon and they are unbelievable for getting smells out.

It seems to me that if your father-in-law is as big of a fish as you say, then he is testing you to see if you rise to the challenge and are worthy of the empire he's built or if you cower from an unbelievable opportunity because of a perceived short-term gain of only $1200 per month.What type of properties are these?

Unbelievable.

You are right...other than a few dollars, the only thing lost was time.But the education gain was unbelievable...and now I see that.

One of them was a Drug addict that I had to kick out...One of them Trashed my upstairs room and then left EVERYTHING in it...One of them was good at paying on time...but also good at eating my food, and using the living room, and having friends over all the time....So I was able to handle that stuff for a while...But then I got a Girlfriend...my First serious relationship, and I said - alright, time for some privacy!

Drug addicts and gangs are in the D's.$150/mo adds up to $1,800 per year.