Every day of stress at my "day job", which is maintaining bank properties (property preservation) pushes me closer to making the leap, but I am not quite ready yet.

If I were given $1.5M in cash and was 50+ and needed to preserve my cash flow, I would do what I know best.

If your job is creating enough free cash flow that you can come up with 1 or 2 additional down payments a year from that, I would concentrate on properties in nicer areas that break even (essentially .8 - 1% rents).Those areas tend to be more wealth preservation.

THIS IS ONLY A PARTIAL LIST.On these thousands of properties, they must concern themselves with occupant issues, safety and hazard issues, legal and title issues, property preservation issues, expense management, documentation and company/lender auditors, investor oversight, potential insurance claims, PMI or M/I claims, government oversight, Fair Housing issues, ooh and Profit/Loss (Values).

I helped push for and eventually pass an overlay that requires historic board approval of exterior changes in order to preserve these prominent homes in our west side neighborhood.

Diversification is important when you are trying to preserve wealth.

(want to preserver their credit?)

The junior lienholder has the option to redeem after the sale, buy out the auction winner, and preserve their lien.

I'm still in a good position, and I'm working hard on preserving that!

All I did was rip out the carpet to show the beautifuly preserved T&G oak floor, took off the paneling and repaired some of the plaster, done. :)So if you are an investor, LOOK for the shag carpet and panelling hahahahha.