To assure the maintenance of a high degree of competence, Members should only hire individuals with the requisite amount of education to reasonably perform their job responsibilities and affirmatively train, monitor, reward, and discipline their employees.A Member is aided in attaining and maintaining its competence by keeping abreast of current legal literature and developments, participating in education programs, understanding the uniqueness of issues found in particular asset classes, such as auto, medical, or utility.A Member should not purchase or manage receivables in any asset category for which it does not have adequate knowledge or capability to handle.A Member should act with competence and proper care in dealing with obligors and their obligations.

So now we have conditioned when a person leverages self to the gill's, taken on mountains of debt and the grand some of there career is waiting tables or making coffee and some toilet-paper degree that a bajillion others also have, and maybe a few years experience at best. 

I graduated with my degree in Marketing but was always interested in real estate. 

Posters who claim a degree of success that would make them richer than Warren Buffet6.

I had a FL rental that would sit vacant in the summer because no one wants to move in 100 degree weather. 

From Northern California to LA, inland temperatures are expected to exceed triple digits in many areas for July 4th weekend.For those that have ever tried to sleep in 80+ degree weather without AC, you will recall...it isn't fun?

I know people living in DC with, master's degrees from prestigious colleges and professional jobs , who rent a house shared by other professional roommates, because they can't afford to rent on their own.

There is a difference in the hit someone's credit takes if they are behind in payments or they are in foreclosure so offering to buy the property before it goes into foreclosure does help the owner to some degree and it is not claiming to help them stay in the house. 

I'm an engineer by degree so a methodological, data driven approach was important to me.  

Although I have plenty of carry-over depreciation for now, if I decide to slow down in the future, it will help offset my taxes to a significant degree.