Hello BP,  I have been in this mental loop and hoping for some advice, I am 19 years young and am currently in a partnership on 2 commercial properties located in Buffalo NY.

It is a cautionary tale of taking on too much and breaking so many rules of good business and mental health.

Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

Get rid of the short term mentality that is the cornerstone of wholesale approaches too. 

Seeing a trend of posts calling out the instant gratification mentality of newbies!

Hello my name is Yasiel, a little bit about me, I’m 30 years old from Florida I moved up to Alaska a while back where I commercial fish, I make 6 figures a year but I’m gone 7-8 months a year which is extremely taxing on my life, mental health and mirage, and over all happiness, I realize I want financial freedom to be home more with my family , and do the things I know I’m meant to do.

Ok back to the script, no matter how much hard work you do on the front end that buyer has to be mentally prepared to weather any downturn.

Hey BP Community,I have a rental available in a C class neighborhood and my property manager let me know that a mental health organization wants to submit an application.The property is a 3 bedroom SFR and the organization intends on putting in 3 children to start between the ages of 11-17. 

Just my experience as both a buyer and seller's agent in my area - it could depend on the mentality/culture of the area you're in. 

losing money can put you in a tough mental space.