Here's a question to illustrate how new I am to this: If I put 20% down on the second house the loan for the second house wouldn't have to be an FHA loan right? 

These lights became known as "idiot lights" because a red warning light, if your only indicator, does do you much good when the engine is sputtering and you're forced to pull over to the side of the road.Perhaps the Germans had these in their WWII-era warplanes.Maybe this not the best illustration, but I want to know the status of title before I close my deal.

It takes time but when you do find that person it is well worth it as illustrated in Mehran Kamari's podcast http://www.biggerpockets.com/renewsblog/2014/06/05...I am trying to find that perfect partnership myself!

Either I didn't clarify my statement well enough or you didn't understand what I was asking so I will try to see if I can illustrate it a bit better.

I was just trying to illustrate that two similar properties with the same cap rate can demand a lot different prices depending on where they are.

If there actions (not paying rent, being late, a nuicenance so forth), illustrate an issue for renewal, I simply don't renew.

That is a tough situation, and perfectly illustrates the risk of hardmoney.

Those were just rhetorical questions to illustrate the entrepreneurial mindset of acquiring an asset that covers the cost of a liability but thank you all for trying to help me out! 

Very good book by the way.It he describes how business owners have many advantages compared to employees.Our writings here taken together illustrate this point.

Those are the pledge of property to illustrate to the public that an interest in the real property has been given.