Moral of the story is that I'd rather use $60k on a property and learn as I go BUT I don't want it to be a losing proposition as soon as I buy.Thank you for the lesson on balloon payments and the land financing/collateral percentages.

I'm studying the material, but only to educate myself.After reading J Scott's book and chatting with other investors I've learned that having a license can (in some ways) hold you back as an investor since you are held to a certain moral code of conduct as a Realtor...so, I'm taking his approach to it.His wife got the license, and he stayed without one...at least for a while...I believe he has one now possibly :-)Also, which course are you taking?

Moral of the story, think thoroughly thru your next property and act upon it wisely just don't pick up another property just because you want a fatter portfolio.

The problem is timing, headaches and overall money : time ratio     Is it worth the headaches, time and constant tearing at your moral compass?

@Leo Morales In my situation I'm in a mountain community and bought there knowing no one.

Being a broker doesn't give you any moral shield at all, but we are supposed to do things ethically and that means full disclosure.I don't think adopting less legitimate and less honest means of buying/selling properties even if you want to "help" a seller is to be encouraged.  

@Henry Lazerow I don’t mind tats as a moral issue.

Asfor the moral obligation not to evict, my tenants were receiving aid and unemployment.

@Carolyn Morales man, I do feel like I found a gem.

People of strong moral character and ethical values will work hard and be good stewards of your money.