The inspections alone cost me $1,300, but that upfront investment saved me tens of thousands of dollars and spared me countless headaches.In short, buying older homes requires more diligence and negotiation, but when done right, it can be incredibly rewarding.

It's such a rewarding field with so many pathways to success.

Sounds like a lot of moving parts and hoops for the amount of tax savings, but that's just my risk/reward profile speaking.

And, those who invest in certain markets today, will, I believe, be rewarded for taking the 1 in 1,000 risk of having a "professional tenant" truly take advantage of them. 

Search BP for ADU appraisals to encounter numerous examples.

Pictures work wonders and numerous studies have shown that pro photography pays for itself many times over.4.

If you go to invest in the note space I strongly recommend you do a quick background check on the sponsor as there are numerous who have very questionable pasts.

So there are many more participants at the novice level who may not understand the risk/reward nature of this type of investment. 

In many cases, it takes a few years to really start seeing any appreciable cash flow, but it is the relationships we make, the learning and overcoming challenges and obstacles every day that is the true rewards in this business.

Pros and Cons, Risks and Rewards to every financing strategy.