when I look at a property I determine the monthly cashflow I want then take into account all the expenses and make an offer that will acheive that monthly cash flow. its a financial decision dont let your emotions get in the way.

I don't believe in wasting my time in small court because... been there and wastes a lot of emotional and physical time for nothing. 

Every morning for the past few weeks I look at properties to do a brief 10 mins analysis to find out if it's worth digging into deeper.

We get to analyze them on a micro level and dig deeper.

I find that the potential sellers are either too paranoid to find (they hide from everyone fearing their creditors) or emotionally divorced from the property....they have already made up their mind to default and there is no way to impress upon them that that's a horribly bad decision.Some of what I experience is unique to Texas and Texas rules however.

Once I take a deeper look at the numbers and inspect the property I will have to figure out the best approach for financing.

I have not had much luck finding any deals yet but i am going to dig deeper now ("Vacuum the Truck") .

In this business you need to learn to take the emotion out of things. 

It is simple math that you are better off than not borrowing.But there is always a comfort/emotional component to investing and that needs to be taken into consideration too.

Couldn’t be further from the truth.And before the thread de-rails it is not about service animals, emotional support peacocks, or seeing eye hamsters.