Account Closed thanks for redeeming this thread, that gives people a lot more to chew on.

Biting off more than I can chew?

I personally know people who are living check to check and who bit off more than they could chew thinking that they had to buy during the recent housing craze. 

I've been chewing through them every day, Ive got about 50 under my belt so far, listening to them at x1.5 speed really helps too.  

They have neck tats and chew tobacco in their sleep. 

If you are going to allow pets I would recommend a pet deposit just in case they chew your countertop, scratch through a wall or window, and etc.Respect your tenants rights and know your rights. 

The problem with houses that I buy are the door frames are solid old-growth wood, and the Dremel blade gets chewed up like nothing else, so it costs me probably $50/door frame in blades!

We have had people burn a large portion of a living room rug, smash televisions, allow a pet to chew up a dresser in our pet free home, and puncture holes on the inside of the refrigerator.

The returns are chewed up by inflation, unknown fees, and more fees of fees.If you are loaded and want to hide cash, go for "investment" insurance.  

.- The $50k from a flip is chewed into by cap gains tax.- If you qualify as a real estate professional (LTR) or meet the material participation rules for an STR, you can do a cost seg & take bonus depreciation (begins sunsetting in 2023 @ 80%, but still awesome).