I'm still learning everyday but now I Know enough to be dangerous. lolWhat area are you looking to build in?

I used leverage very carefully and always knew that it could be very dangerous.   

Scott, A couple of things here: 1) If this is true, and you will be getting $10M, then you should be cautious - alerting people to an amount of money this large can be dangerous, and you will get advice looking to separate that money from you from very hungry people, who will come off as very polished, but who can really do damage to your wealth.2) If you are coming into $10M all at once, then depending on the source, you will pay taxes on this.

I think you need to make that distinction that your dealing with TX.. the laws in OR WA and CA are very strict when it comes to foreclosure rescue no matter how you do it.. thats why I do not do it anymore. 

Never invest in any city on this list: Mapped: The Most Dangerous Cities in the U.S.Rent control - Some states and metro areas have implemented various kinds of rent control.

I think the value given to landlord- or tenant-friendly as a distinction is often confused, misunderstood, and errant.

Everyone talks about cashing out equity to buy more investments, but they fail to account for the cost of cashing that equity out, and they certainly don't mention the dangers of over-leverageing.It was hard to fail 5-10 years ago because the market conditions were ripe for investing.

There is a distinct advantage of having local management, though with technology it's possible to manage from a distance yourself.

Here is an excerpt (edited slightly by me) from an Appellate Court case in Connecticut that discusses the test:"If an agreement is personal, it cannot be said to have run with the land and thus cannot have bound the future grantee....For purposes of the distinction between real covenants (running with the land, or touching and concerning the land) and personal covenants, a covenant may run with the land or may be a matter between only the purchaser and grantor.

They teach their students enough to be dangerous but not enough to do deals on their own so the student 9/10 times brings the deal back to the "guru" to help close it taking most of your deal you worked your tail off for.