In summary, the upfront furnishing/fixing/getting it ready/constantly updating/managing for 5-star reviews is the biggest lesson and requires CASH AND TIME. 

@Michael DidionThe two biggest divides in the industry are performing vs non performing notes, and residential vs commercial mortgage notes.

Where home prices are fallingAccording to the National Association of Realtor’s third quarter report, here are the U.S. cities with the biggest recent price declines.Denver: 3 percent.Austin: 4 percent.Chicago: 4 percentWashington DC-area: 4 percent.Seattle: 5 percent.San Francisco: 8 percent.San Jose: 8 percent.Nashville: 9 percent.

After reading pages and pages on BP forums discussing potential issues, my biggest concern is personal liability.

What you said is true, and it's a viable strategy that will solve his problem, I just wanted to highlight the downsides and mention the capital depletion issue.

It’s designed to push each other’s thinking to either get bigger or be better, but the two are mutually exclusive because not all growth is measured by numbers.A mentor or coach can sometimes be defined in a different understanding, but both are designed to more with you one2one and specifically address your biggest challenges holding you back to where you want to be and go in your personal life and business.

my biggest fear in Real estate investing is the lunging dog.....not just being in a back yard, but particularly from being the unfamiliar face in the middle of a dead end neighborhood street....in NE Florida....a territorial dog is often loose,, or if charged up enough easily can snap the tethered tie leash or hop the small small fence...

that will be the biggest ding on your credit score, is keeping any kind of balance on the cards, the higher the balance, the bigger the ding.  

My biggest mistake was failing to account of deferred maintenance in my "down payment".

I use quickbooks online (I bet all the quickbooks softwarewill do it) You send them An invoice in there email , they can pay by check online, totally free for the check online but if  you forget to uncheck the box to allow credit card charges, then they will have the option of paying by credit card (3%fee deducted for you)Thier check paid online through quickbooks takes over a week to fund , that’s the only downside