As far as your risk level goes, I'd say you're actually being smart and disciplined (not buying anything unless you're making a profit as soon as its bought) which what i believe you NEED to do in order to not only survive in this business, but to thrive.As for my farm area, No, i havent decided that or figured that out yet.

This allows you to survive if something unexpected happens, or to invest again once you get some confidence and learn more.Trust your research, trust your calculations and ultimately trust yourself.  

I was going to continue building a portfolio meant for the long run instead of quick short term profits, and survive the ups and downs of any market condition.And I bought well, very well perhaps, as most of my deals were 50-60% what banks were asking.

Can anyone survive paying 32% of ARV plus 10% in selling costs.

But, assuming the business model isn't inherently flawed, with the right amount of hard work, knowledge and working capital, you should be able to survive and even thrive.  

A market correction doesn't scare me in the slightest because I invest correctly from day one, with built in equity and cashflow so that I can easily survive during the down years, and thrive during the up years. 

He has 2 surviving kin, one of which is institutionalized, and I'm fairly certain his (middle aged) daughter will want to sell.What makes this a possibly great opportunity is the fact that he was the first owner of the home, built in the late 50s early 60s, and owns the property free and clear!

If you survive through the entire 69 page Zimmerman/Volk report let me know. 

One thing is for sure, if we learn to survive in the new lead paint regime we shall dominate our areas...few investors will have the stomach for this.Andrew 

They MUST do that to survive.