I wonder what percentage of people just take a gamble and play Russian roulette with the DOS clause.

Lenders do not lend on such gambles to inexperienced investors.To answer one of your questions, most likely you will not need two separate loans.

Any legal action is a gamble.

It's a big of a gamble but if I can get an appropriate discount then I have no problem.

Seller signed the paperwork and I got the money I lent him on last Friday.All in all I gambled by lending the seller money but the deal needed to get closed, and as I said I knew the seller.So now I'm working on deal #3.

You need to ask yourself why would the bank take a gamble on you if you are not willing to gamble on yourself.

Married , gambling, lost job, started passing bad checks.

Unless you have a true deadbeat this will work.In most cases it's a matter of having the tenant realize that rent is a priority - before car payments, alcohol, cigarettes, recreational drugs, child support, vacations, gambling, haircuts, and dining out.

But at the same time, I'm in a military town and I think I should capitalize on that but that would mean I have to focus on single family homes and I understand sfh's could be a gamble compared to multi-families.

Tom Corley, on his website RichHabitsInstitute.com, outlines a few of the differences between the habits of the rich and the poor.1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble. 2. 80% of wealthy are focused on accomplishing some single goal.