It's a common misconception that the appraiser is protecting the bank's interest.

Its a misconception that CA is anti-gun.

I have found that those who do not will never be corrected in their misconceptions, so everyone feel free to correct me when I am wrong, Which wont be very often :oops: I hope!!!!!!!

See the last part of this blog. http://www.biggerpockets.com/forums/12-starting-out/topics/32866-stupid-socal-misconceptions

The biggest misconception is that buying cheap properties are good investments.

You can see this in posts here where someone is so far off base in thinking they can do something in RE.I recall one post where a member was wanting to do his marketing to people who had received a quit claim deed, I like to see imagination, thinking out of the box, but that is in another universe because he had misconception of what that deed actually is and when and why it is used.

Seems like when you try to run a legitimate wholesale business, there are many misconceptions of what good wholesalers do.

Even though it was raining pretty hard, we still had a good turnout - John Hughes from Socotra Capital came and talked to us about using hard money and answered a lot of questions and cleared up some misconceptions.

The second misconception is you only get 70% LTV on a Cash-out Refinance loan. 

That being said, although vacancy may be unavoidable, that doesn't mean low vacancy means you are doing something wrong.One misconception is that "market price" is a hard number.