Pro Tip: Since the bank POF letter will be "stronger" than the private ones you can get... as you raise private funds use them first.

I am learning the 'whole yielding to who ever is stronger' thing.

It does make for a stronger offer as the seller won't have to waste time fixing double taps in the electrical box or the like but it does expose you as the buyer to the risk of missing something and ending up with a problem property not to mention losing the opportunity to negotiate based on the results of the property inspection. 

Individual results may vary but for total profits or long term flow + equity averages those look stronger than most probably.

Hope you can find ways to recover losses and become much stronger in future.

I think we need a stronger "indepedent" party.

When the money ran out all the bankers I thought would "work things out..." tried to f... us in every way they could.Lesson learned-- we are stronger because of it and I deal exclusively in private money and joint ventures with no recourse-- that is probably the biggest take aways-- Unless we really are desperate-- I'll never deal with a bank or sign a personal guarantee ever again-- If the deal doesn't stand on it's own, it's not worth doing and signing my life away.  

What about hedging with stronger or other stable currencies?

It is hard to teach ambition and financial discipline.Considering all this I believe an even stronger social security system, with more taken out, is a good idea.

As we got closer and closer to one particular apartment the smell got stronger and stronger.