Now remember hail storms, massive floods, a friend spending 50k in foundation repairs and related damages; she was about to retired from a cushy estate job, and I also remember another friend digging thru his concrete to find leaky pipes.

4.On a large (for me) commercial reno and running of the business, are there certain things I should keep in mind that might throw my numbers if I don’t account for like code for Handicap, massive overhead bills, or something of the like, (sorry if I’m sounding ridiculous but I’m really in the dark here).I haven’t seen the inside apart from the pictures.Without knowing the floor plan and such, it may be difficult as an inexperienced investor to know exactly what I want to do with the floor plan on the spot for the contractor to estimate.

Massive job loss/bad economy. 

I'd also argue that the beauty of Seller financing is that it creates win win scenarios and can create massive amounts of leverage later on.

So it may be of benefit for those thinking of launching into this to save up a little before you try it.biggest reason small business fail is undercapitalized and your simply a small business and if you have little to no capital you have no staying power.. if you spend all your liquidity and cant get deals in the short term your done... or worse you run up your credit cards and now have nothing to show for it but massive debt.The legalities of this aside..  

I have always had a dream of being a real estate investor, but until I started seriously looking into what it takes, I thought my goals were unattainable without massive cash reserves.

I have always had a dream of being a real estate investor, but until I started seriously looking into what it takes, I thought my goals were unattainable without massive cash reserves.

The system will be abused again to the point it collapses.The likely problems are massive unemployment, no one has money to pay rent, no one will loan money to buy a home. 

I don't understand how massive demand will lower the price.

In 3 months she still probably will not have found a place and then you have a massive headache.