I would do without many of the toys and be leaner and meaner (as Tim said). 2.

My “Minneapolis property” is in a tiny town/suburb called Tonka Bay (think Tonka truck toys) but I say Minneapolis because no one’s heard of Tonka Bay.

Instead of buying toys and booze, I saved nearly 75- 80% of all that I made to put towards a house, thanks to living with my mom during the that time. 2008, I was ready to be a new home buyer.

The state does ask you to, yes. 

I've been toying with the idea of becoming a home inspector.

I would not do it and instead spend my 30's traveling and blowing all my money on toys so that later in life I could just mooch off the government.

I reached out toy local REIA and got numerous recommendations as well as vetting him against 3 others I got quotes from Those were all for 2.3.4 units however and I may have made a mistake thinking that because he has done well by me up till now, he might not be the best for commercial.

As a matter of fact I've been toying with the question of whether it's feasible to do enough business in a single neighborhood.Anyway, to answer your question my top qualifying question is: "Are you willing to sell the property for what you owe?"

Thanks-TerryI really don't have good data since I have just been toying with it.

I toyed with the idea of doing a flat fee, but in the end i wanted local boots on the ground and it seemed easier to leave it with the previous REO agent.