Funny, I have almost the same exact story in 2008 with Rich Dad and the free event, I watched my friend "run to the back before the run out of room".

@Amanda Bahil our lease states that we are not responsible for payments lost in the mail or stolen - specifically to cover events like this.Because of events like this, we also charge tenants a $10 Processing Fee if they send us rent via mail - to encourage them to pay electronically or deposit directly in our business bank account.Unlike the comments of others, we see this as 100% the tenant's problem, though not their fault.How do you think a lender for a mortgage or car payment would treat this?

In my experience and what I taught during my speaking days (including BP national event) is that most people try to market to too many leads.

Does anyone have the specifics of BPCon in Cancun? I missed out this year but I refuse to let next year's conference pass me by. I want to get my tickets and room ASAP! Also, do I need a passport? Thanks, everyone

I am pretty debt shy after my experience with the TN lender, but I am also wiser about how to prepare myself for most events. 

But I don't know if 1. there's a specific process we have to go through with the city for it to be recognized as a duplex down and 2. we plan to say in the listing that the tenants cannot use the basement as living space, just as rec space/office/etc, but I don't know if that's enough to cover me in the event of a lawsuit for example that there's a fire down there and someone sleeping down there gets hurt.

A good idea is to accrue a capital investment reserve from operating cashflows, for such events.

The event hasn't been posted yet, however, we will announce it on our Meetup page as soon as the event is open.

But I don't know if that verbiage is enough to protect me in the event of a lawsuit for example if there's a fire down there and someone that is in fact sleeping down there gets hurt. 

, what made you feel secure taking the leap with hard money and going after that first flip.Partnering with an investor or doing seller financing would be ideal, but I'm still growing my network by cold calling other investors and real estate agents and attending local events.