Some stuff was justifiable, like new tires for her car, clothes for her kids and $300 on a meal (assuming it was a big treat for the family).

-- they get a lot of time-wasting tire-kicking requests. 

I still get a fair number of tire kickers and dead beats.So you still have to sift through the people and be vigilant with your screening

I specialized in the 7-10 unit space because that's what the tired LLs were selling at the time. 

Besides, I have my job over here so I happily fork out the 5% in commissions so I don't have to deal with tire kicker buyers over there and save the headaches for my day job. lolAs an investor I will tell you this.

Eventually the protection gets more complex and you worry as much about how much you pay in taxes as you do about where the money comes from to replace a roof.When you were a teen you drove a 20 year old car that you had to fix every other week with a shaky battery and not great tires. 

Had a ton of tire kickers in the past and find this weeds them out also ask for deposits on any properties so we don’t get burned. 

If you get tired of dealing with owning so many, just put a PM in place and start paying down the properties faster.

Purchase price: $120,000 Cash invested: $12,800 This property was purchased from an owner who was tired of being a landlord.

However, if you are offering a bike-rental business, expect to be changing flat tires and adjusting brakes on a daily basis.I also like the idea of using a local vendor.