The arrangement can be compared to borrowing from a bank with your savings account as collateral.If you intend to accumulate wealth using this policy it will provide some stability and insurance companies invest in predominantly secure investments, but they are not immune from the pitfalls in the economic system.

I have seen to many people with very good intentions get into this business only to discover they could not afford a single month of vacancy.In my opinion, you need to carefully take into account all the pitfalls associated with landlording.

I have asked my realtor if we can delay the closing by two months or so which would give those tenants time to move out.Are there any pitfalls or traps I need to worry about as the duplex goes through the probate process?

Why not post the particulars here and see if it is a deal, and where the pitfalls may be?

Once you understand the game and pitfalls to avoid, then I would recommend that you invest your money.Lastly, I would warn you to be careful when dealing with "experienced investors".

Great to be here Charles there is so much information on this site I am trying to get this thing rolling in the right direction also another tip @David is to not get to spread out, I don't know about you but I get overwhelmed because there are so many directions you can go in but it seems each avenue of RE Investing fits personal characteristics of people for instance if your creative, can envision the end result, see potential pitfalls, and you like working with your hands maybe rehab would be right for you and so on .

There are potential pitfalls with this strategy, but it is better than letting the property go to foreclosure.A 2nd best option IMO would be to pour more money into the project and refinance it so that you will get positive cash flow.

Nice work.My only cautionary advice is this: don't allow early successes to blind you to the very real pitfalls out there.

Most here have not been around the block enough to understand how many ways there are to get into trouble, give them 15 or 20 years or 1,000+ deals and then there will be enough exposure to understand the pitfalls of the RE services business.

Expect a few pitfalls and if you don't have any, at least you were prepared.