If you happen to be sued due to an improper foreclosure (part of basket C) they have access to all of your baskets of assets (I ought to copywright that for future teachings, ha).

@Carl Lee ha, i did the same thing in 2006!!

Ha.  

Ah ha!

Ha!

Yes, it is quite complex and I think I am getting a good education (might even sit for the CPA exam when it's all said and done ha ha...kidding). 

If your portfolio only ha properties that break even or have negative cash flow, then your DTI will likely suffer sooner than later, preventing future purchases.The key is to have a diverse portfolio that might include higher cash flowing properties that may not appreciate very well, and high appreciating properties that may break even, and everything in between. 

@John Gentile, I'm a relatively new investor and looked at that property too (based on your description, I'm pretty sure it's the same one...unless collapsing stairwells are common in that area...ha ha!). 

Seller didn't want to tell tenants before I closed, understandably.Writing this out, I think I've got to harden up on this industry ha but he genuinely seemed like a good guy who got caught in the crossfire of ownership changing hands and a short month.

Here's the thing: I find the "no booking fees" model appealing, of course, but from a business perspective, how on earth is a site like that going to handle the R&D and advertising costs necessary to even begin to compete with AirBNB and HA/VRBO?