I lived in the cheapest apartment I could find (within bike riding distance to work), ate a lean cuisine for lunch 5 days a week and shopped at Nordstroms Rack for work clothes. 

Imagine the money they will lose by this guy not only racking up the bill and stealing money from Cory T., but also from all those poor true backers wanting to believe in the this guy's projects.

File in small claims court every month for rent, so they are racking up judgments on their credit report.

The first being those months you may be awaiting finalization of an eviction, tenant is racking up hold-over rate charges.

Private Money/Hard Money can be quite expensive and the loan costs will rack up quickly if you don't move the property quickly.

I rack up all my rehab expenses other than labor with my no interest for a year credit cards or cash back credit cards.

When Hurricane Ike hit several years ago I had to get three new roofs, a lot of new wooden fencing and some interior work done due to the leaking water from one of the destroyed roofs. 

Where I live is very expensive compared to where I buy rentals  All wooden signs, all underground powerlines. 

I'd immediately become far more desperate and do all kinds of things that I'm not doing now because I'm not uncomfortable enough.A short story another investor told me a few years ago.Two friends are sitting on rocking chairs on an old wooden porch.

To counter that, the fun part is that you get to be creative and figure out how to utilize a 12" space in your kitchen that won't require waiting a month for a cabinet (custom wine rack?).