We look forward to spending a lot of time learning how to navigate through the vast and seemingly endless wealth of information on these posts.

The vast majority of the time, it's brought on by poor, bad or just dumb choices.It's easy to sit and say, "I feel so bad people are losing their houses."

I'm always looking for insight on the vast subject of real estate, as well as provide insight of my own.

The truth is that the VAST MAJORITY of newbies fail.

Perhaps even 10% may not be sufficient.

That's not real expensive and I've done some of them myself.I've seen older places that the service panel was sufficient but it's probably not, probably from $900-$2K to fix that.Older houses don't have nearly enough outlets per foot of wall space, again it's not difficult but if the electrian is there he can do those too.

The vast majority of new investors fail in a short period of time because they pay too much for their property and lose money.Having said all that, there is good money to be made in real estate.

I discovered it last night and probably read the entire REO section.If I get a Limited or Special Warranty Deed on a bank owned property, will my title insurance be sufficient protection?

The VAST majority of these new investors fail in a short period of time, so again, there is no exercise of the option.

What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."