You also can overcome some of the cash flow problems that could occur.Also remember just 6% of americans are millionaires.

We get that your father is going through a lot emotionally right now, and he just needs a breather to let logic overcome his emotional response.

Every condition that is adverse in real estate has a positive side to it.

Attached is a copy of the auction description for your reference.Title & Liens: Property is sold with title of record, free and clear of adverse liens or encumbrances at closing.I am checking with the municipality to verify if there are any open violations.

You’re risk adverse - which actually sets yourself up for success as long as it doesn’t result in deal “paralysis”.  

What's your biggest challenge in the business and how did you overcome it?

They have specific forms for denial based on credit, background, and income (adverse action letters) especially if you checked their credit because of the fair credit reporting.

Very well said, Dan.Of course just like any industry there are less competent operators and even downright fraud actors, but the vast majority of experienced operators (especially the ones that have been around the block a few times and survived adverse market cycles) are working with the investor's best interests in mind and strive to produce the best result possible under whatever circumstances they are dealt, even when the going gets tough. 

Sure, private lenders can often be a great solution for overcoming these challenges since they offer: Flexible Terms: Private lenders are more flexible with loan terms compared to traditional banks.

We have not yet purchased from a wholesaler but I am not adverse to it.