If you rack up credit card debt due to reckless spending, then you lack self control and financial intelligence. 

It's a big shift for me and I've been racking my brain on how to switch my gears from fear and want, to abundance and giving.

I am not sure how useful this will be in sparse, rural, wooden areas like the ones I am looking for but I wll def check it out.

Once the tenant racked up $300 late I would file for eviction.

You can probably find a fixed rate fully amortizing 2nd mortgage, but you wouldn't have the ability to pay it down and rack it back up as needed.

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

“It’s nerve-racking,” she said.Many sellers have the same concern.

You'll just rack up a big legal bill, which sounds like the last thing you need right now.

When I owned properties in Houston and Atlanta it seemed that I was always replacing: roofs, siding, wooden windows and dealing with landscaping issues.

And if you operate outside of the law expect to rack up some fines.