He was supposed to call my phone number while at the business location to see that it rang there (he didn't, he just pointed to my cell phone on the dining room table and said "Well, there's your phone.").

And to back up, if I had not had a formal education I doubt I would have seen the opportunities in other industries or have been accepted by other professionals (socially and professionally) to earn a seat at the table so to speak.As an example, I made a home loan to an engineer, then he came to me for a business loan.

But for the first deal, you want their cash on the table right up front.

I'm very new to this and its been my little 2 month experience that by the time I even get to the table to try and negotiate an offer, my target has moved and is snatched up by someone faster and more efficient than myself.

Talk to a lawyer and lay all of your cards on the table.

By the time I finish all the work on the property, it's already under contract and on the way to the closing table (minimal holding cost, or none whatsoever).There's a lot of competition out there.

Make no bones about it, this is being watched by other legislators (maybe from your state) and with the cumulative issues that exist in the real estate market/industry today (not to mention all the bashing in the media and growing public disdain), this could just take on a life of its own and spread like wild fire (to other state platforms)...Some of you might be reading this and say, "Scott's a lender and this is a self serving crusade from a self-important blowhard who sits at a table for one

That would get you out of it without having to bring money to the table or spending money on the repairs.

A rental property, on the other hand, can end up losing you several hundred dollars each and every month, and then require you to bring cash to the closing table to get rid of it.I'm one of those folks who would never invest in something I've not seen.

Hence the IRS has a bit of extra protection compared to other junior liens if and only if they want to bring cash to the table and redeem the property.John Corey