I fail to see how that is any different than Bigger Pockets but people talk about it.There is a very large group that charges $20k to join and has a lot of videos and meet ups and is run kind of like an MLM where they give you a "discount" "to the next level" if you convince someone else to join.

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

Most small businesses fail, and he goes into great detail on how you can avoid becoming a casualty. 

They are often too complicated for tenants to figure out, they have too many ways to fail, and they are often easier to circumvent than a standard key lock.I use Schlage electronic door locks with a simple numeric keypad.

However, not so far away, we had another investor who tried the same strategy and it failed miserably as comps with standalone ADUs were not adding value the same as in the market not so far away.Research your market, even down to the street in various neighborhoods well. 

Depending on how bad it gets the fed will step in and fire up the money printer, of course that would be after a big bank fail and/or massive layoffs.

Banks foreclose on properties when owners fail to pay their mortgages.

@Megan Jones many bosses are so busy with their own work, they fail to fully understand what their staff actually does!

Completely agree. what I failed to mention is The tenant is my daughter and her boyfriend... otherwise I would never do a month to month verbal lease.

Failing to follow proper procedures will cause even more delays.