Answering your phone calls while watching the games does not turn your living room into a home office.14-day free rent aka Augusta rule loophole.

Unfortunately, we picked a bad time, because a game just finished, and people were streaming out of Wrigley Field.

With this scenario we both have skin in the game: His work and my materials.

But realized there's no perfect timing unless you are already in the game).

My strategy is the long game, buy and hold, build equity and cash flow down the road.

Buying with cash is much better in my opinion.Especially for our market.Most investors only use leverage because they "can".There is usually no strategy behind using the leverage.Our price points are so low that most investors just prefer to buy with cash.The price of one of our properties is pretty much a downpayment for any other property in other markets that aren't in the Midwest.Cash deals always offer a much higher return than leverage.Leverage is a risky game for beginners.Learn what you are doing first before borrowing money.Just my opinion for a path that has proved to work for me and our investors.Thanks and happy holidays.

**“Kendric, first off, you’re already ahead of the game with your willingness to learn and adapt—plus, having a ‘mishap’ fund shows you’re planning smart! 

For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

The fact of the matter is that real estate is a long game and expenses will come up. 

Period.If he keeps playing games, I would a) walk away from the deal, and b) report him to the State RE Board.chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.ncleg.gov/EnactedLegislation/Statutes/PDF/BySect...