I really wish that you can maybe replace their A/C to a new one but you have a big fat wall in front of you.

Whenever recessions happen businesses use it as a way to trim the fat and get more efficient and I imagine that will happen this time around also. 

They accepted our lower offer which gives us a pretty fat buffer.

Sounds like a big old fat DELETE to me.

And THAT's the truth of what people think when there looking at these generalities; "oh, which is EASY, which can I do, pay almost no attention to, do next to nothing, and just cash fat checks".....

Of all these properties, I’ve seen two in real life before purchasing.Slight difference, he's a wholesaler:1) Has no clue of the mystery true buyer will give him a fat check or not beyond his own say-so.2) Has $0 dollars tied in escrow so no loyalty to the deal, which I think is immoral to make the seller take all the risk in reliance3) Thinks he's screwing over the seller at a low price.

You know there's an old saying that pigs get fat and hogs get slaughtered.

The pace of tenant turnover will slow along as tenants stick around longer hoping to get a fat check before they move on.

Building passive income while learning the RE ropes and earning a fat paycheck as an EE is an awesome plan for financial success.    

I am planning to just have a very basic plan just incase we got hit by a bus...And a big fat bank account will help with your confidence.