@Lindsay Brake,Thanks for sharing this story. 

So I'm gonna educate, research, and maybe dive into a buy and flip deal. who knows@Lindsay Brake Honestly the healthcare part is DEFINATELY a huge reason why I'm gonna do the full career.

There is no lender or external party putting a brake on the bad purchases.Ultimately, we all want to have more cash so we can derisk the deals.

If they are calculating DTI correctly, then it sounds like you may need to tap the brakes. 

I prefer both so if it were me I'd pump the brakes, get a few properties rehabbed and rented, and then go find partners You dont want to lose your money and everyone elses - just get educated first 

Buy a can of brake cleaner (any auto store and most stores with an auto department have it). 

The real cheap stuff (red clay type ceramic tiles crack and brake easier, are thinnner, and of low quality, lower durability.

In other words, if your tenant falls and brakes their neck in your rental, they can only sue yoru insurance and the LLC, not you personally or your other persoanl assets, UNLESS . . .Your corporate veil is pierced and there are many ways this can be done.

My hold time is estimated at 2 to 5 years before I trade up to another property.Either sell to another apartment owner or a developer who will tear down for their new build project.An assisted living facility would be perfect because of the median income and demographics of the area.I could just tile the whole thing.In the front where the dining room is on the vacants the fake vinyl wood floor has been eaten up by the previous tenants.This is why I feel tile would work best.The contractor said to have an extra box stored and then if one tile brakes etc. it's easy to replace one by one.Just didn't know if upstairs in the bedroom tile would work or if the tenant wouldn't tolerate it.I know many tenants have small kids and even with an area rug prefer carpet in the bedrooms.I want durability but at the same time don't want to deter renters so it has to be a balance of durability and tenants needs to get them to rent from me.Thanks for the discussion as I think this topic is great info and food for thought.

If a $400 inspection cost brakes your deal, you did not have enough spread for that to be a deal in the first place.