The level of preparation doesn't determine the likelihood of an attack but it does determine the likelihood of survival.

If you accept $2,600, you have made it clear to them that not only can you survive at that level, but you are OK with that level.

@Daniel M Gibson sticking to fundamentals and your "gut" is always the best course.Unlike 99% of the investors on this site, my take is that investing for cash flow is a bad idea...it creates a jaundiced view of how things work...meaning that investing is about controlling assets as wisely as possible...not immediate cash flow.I use seller carried loans routinely because I'm in for the long haul (and I don't need rental income to survive)...as long as the purchase price makes sense, I could care less about income...the concept is debt paydown and future equity.

As far a books on management go, check out Brandon Turner's book on managing properties which you can find here: https://www.biggerpockets.com/store/managing-properties-digital as well as the Landlord Survival Guide by Jeffrey Taylor

Buy remnants, buy at clearance, buy at yard sales, think outside the box to survive and grow.

I don't know the laws there but some liens can survive a foreclosure auction, like federal tax liens.

When the good times are rolling we often forget to think about the negatives. That said I decided it might be a good time to Stress Test my real estate portfolio, before I went on another expansion/acquisition round i...

Real estate is also a game of survival and its more important you are in the game year in and year out than to get wiped out rather quickly.

What school/college can potentially do is give you baseline to survive in the world today.

Buy survived and still own and rent but never gave up because of lots of horrible experience.