Just started on BP a few months ago myself; if you're looking for something, you won't be disappointed!

Being unaware of these hidden costs can mean a significant risk of losses, unrealistic expectations, and disappointment with actual results for investors.

As of right now I am kind of stumbling through making my first wholesale deal, I have had more than a few disappointing moments, but am staying confident the ball will start rolling.

I think lien investing is challenging, can have huge payoffs and disappointments (that mansion redeems so you don't get the 300K house for 10K), requires patience and delayed gratification, and can be a very low-cost entry into REI but what I've determined since putting my toe in within the last 4 months is the most important step is --- network, attend local meetings and read BP like crazy, and get a mentor and utilize their expertise and knowledge while compensating them for their time along the way.

The bank knows if something goes bad with the rentals you will fight to keep the place you live and place your head to sleep at night.The rentals you think have a value of 115,000 and 120,000 but have you completed a recent appraisal on them.I get clients that believe their property is worth XX for a heloc but then are disappointed when it comes in much lower than they expected.

It hasn't disappointed.

Occasionally a tenant is disappointed, but I just tell them that apartments are rented by the month in Wisconsin.But it sounds like you are moving out early as a favor to him to help him have time to remodel?

@Shaun Riley, that's disappointing to hear that the appraisal district does not get updated.

If you look at 5 properties in a place you're not intimately familiar with, either pray you're lucky or prepare for disappointment.

@Michael Lohin That was a lot of very useful, if not somewhat disappointing, information.Very detailed but I have 2 follow up questions.1) What kind of info do you need for the cards to be able to pull the file?