It is a shame we are turning away money as the deals just are not as sweet and plentiful as they were 2-5 years ago.

You need to also take care of the following. 1.Fixing up a vacant rental so it can be rented out again.a.We had handy men to do most of this, but with 40 rentals my husband and I had to pitch in a do the labor ourselves as well.b.I would paint the house and garages.c.Husband would fix the repairs inside2.I would take care of the tenants.This entaileda.Taking care of advertising the homes (usually we had more than one vacancy at a time)b.Taking phone calls and screening tenantsc.Scheduling open housesd.Staging the housee.Interviewing the applicantsf.Making sure I double checked their application formsi.Criteriaii.Employersiii.Verifying funds and income3.Typing up the lease and making sure they understood the lease4.Then making sure the Tenants abided by the lease agreement5.Paid their rent on time6.And sent that Notice to Quit for Non Payment of Rent the very first day rent is late.On top of that I did my own evictions and I never lost a case and I dealt with the 36th District Court in Detroit.I won because I covered my butt by having everything in writing.I documented everything.Every phone call I made to them and every phone call they made to me.I never complained to a tenant because they called regarding a repair.I listened when they told me they couldn’t pay their rent, but even though I understood their problem, I made them pay their rent anyway.Landlording is about making tough decision and doing things you don’t like to have to do.Landlording is a Business.DO NOT LOVE YOUR HOUSE.I can’t stress this enough.If you don’t know or understand that this is a business of evictions, damages, and injustices, and fixing this house up over and over again, you aren’t going to be happy let alone successful.How I wish I could be there for every new investor to help them understand what it’s like to be a landlord BEFORE YOU INVEST.But I can’t and that’s really a shame because it something every new investor should dig into before they invest.One last thing.

I was "financing" it, and by the time I admitted to myself it was a sham, I had spent a fortune.

So yah, is that an investment that I should be ashamed of, or is buying a new 2,000' 4-bed two story open floor plan vinyl sided house with granite and stainless appliances on 1/3 acre fenced for $105 a foot that would rent for $1,750 from DR Horton around the corner from me a possibly good thing?

@Jeff FilaliIt’s a shame ,but I can’t help but think the seller should have taken a few steps to avoid this and practice their own due diligence before purchasing another home further complicating things .

Many seem so desperate for business they work with anyone and pray it's not a sham or long shot that will never happen.

It is possible that this could all be a sham to get a place, and it is also possible that she is so put together that she will have high expectations and will be a nightmare tenant of the other extreme.  

I am 100% skeptical of gurus in this industry and its a shame they are so prevalent.

Apart from that, you are very mistaken for calling Robert Kiyosaki a sham, I've met so many people who are able to make something of themselves all thanks to those books.

It is a shame everyone is looking forward to getting something for free.