We chuckled at that when we were brand new, but the reality is that he's right more often than not.

Sometimes there is the dream and then there's the reality, so just making sure that's possible.

If you are not prepared to accept the reality that losing all is a real possibility you are not ready to invest. 

Adjustable, callable, balloons, rates over 5% and bothering you every year for your financials.You can say low-levered property drifts into 'negative cash flow' in theory below 40% LTV, but the reality is the opposite.

I used to use $30/foot as a decent ballpark figure for renovations, but it seems like renovation costs have gone up quite a bit, $40-50/ft has been the new reality lately, but of course it's tough to put a 'per-foot' number on any particular project because everything is unique.Mobiles on their own land can be flipped, just pay attention to the age, anything before 1976 will pretty much have to be sold on a contract or to a cash buyer.

Other than making your investment look good on paper, I can't see how that serves the investor in reality.

It's time to face the reality that the tenant isn't going to be a homeowner regardless of how hard you want him to be.

Big believer into making dreams into reality.

And remember that a good deal on paper is not always a good deal in reality.

Then you are askig more contractors to bid on the job.It is easy to say "hey, I am giving the contractors work" but in reality, you are wasting their time.