Amazing how little sleep the human body can survive on.

Proper training and oversight are critical to your survival.  

Lower every day expenses = you can survive on less income without sacrificing life style, even if the rental market takes a down turn.I hope that helps.

., @Steve Babiak, @Sid Leibowitz, @Adam Abdel-Hafez, Thomas S.The fiasco is not over, but the we have survived.

You need overhead that will allow you to live/travel/play comfortably and survive/thrive in the lean times.  

He needs to file a petition with the court to be declared the owner due to being a surviving spouse.I don't think he needs the full probate case that takes 9 months because he is a spouse with community property privileges and not her children.Could be wrong but,I don't think so unless of course her family files a legal objection to his inheritance.

IMHO, NW = how long one can survive should they stop working tomorrow, relying on savings, investments, and other forms of passive income.

If John Smith purchased it, it will be hard to survive an audit and submit all the receipts as business expenses (especially if you don't have any tax ID numbers).  

This is exactly why the agents still survive in this electronic world: they convince the owners to step back and let them do the work without personal attachment.

The other being surviving a really bad tenant.