You want to study the ponies, then you might want to create a business around horseracing - I don't know, t-shirts with a picture of a famous stud playing poker or some #hit - rather than betting on one horse to win.

Thanks.It brought back my childhood, when friends used to dare, and double dare you to do something you shouldn't be doing...and then called you a "scaredy cat" when you wouldn't.What's the most important thing to remember if you want to win at Poker? 

@Ray HollinsGlad that you are settling down in Utah and getting back into real estate game.  RE

(A bit of a gamer, can you tell?)

If the first one does not go well, then it often kicks some investors out of the game.  Real

Each individual deal does impact the rest though, so when you have a loser of a deal, get rid of it (them),  Which leads to #2,,,2 - REI is a lot like playing Poker. 

LTV - I’m indifferent on having equity, however, if I would of originated the note I would of looked to have at least a few thousand dollars as a DP for the homeowner to have some skin in the gameRate - 8 - 12%Term - Longer than 15 years and at time of acquisition no more than half of the way throughAs-is Value - greater than 50kMortgage PMT - greater than $400/monthLocation - In a populated city of 20,000 people or greater along with strong economics. 

If I'm playing poker, I understand that 3 of a kind is better than a pair, because it's a lot more likely to get 2 cards that match than 3.

This one was like entering a Poker Tournament.

Like poker, you have to make a decision even though you have incomplete information.