I see questions everyday relating to general contractors: finding them, negotiating with them, trusting them, and always the terrifying horror stories. 

Aside from being excited/terrified, I'm curious what people did or wished they did while waiting to close.

TakeawaysSigning the mortgage was also one of the most terrifying things I had ever done, but knowing the market, running conservative numbers, and talking with someone that had done it all before helped calm the fear and got me into my first deal.

(Well...sort of) I want to learn, I want to make money - of course, but the options are vast and the leap is terrifying.

That would absolutely terrify me and would be a big warning sign that I had borrowed too much and in a real downturn could lose a lot. 

Most people have so little in their accounts that it's terrifying, so I'd probably never get a tenant if I based my choices on the $ in their checking or savings. 

I am working to create a private tenant database for my local community to be accessed only by landlords.The system will allow landlords to list the tenant’s info, property address rented, rate the tenant, upload photos of damage, and describe the circumstances of their departure from the property (ie – do they still owe rent).It’s accessible from a phone for landlords to upload and check.The idea is to create a way for a quick prescreen of potential tenants.It’s searchable by name and or address (of their previous rented location).I’m developing this as a way to help hold bad tenants accountable for their actions and to provide some level of honest & accurate screening.There are some potential challenges with landlords abusing the system.However, if pictures are provided or required to document damages I think that will go a long way to avoiding this.Also, I doubt landlords are going to take the time to slam a tenant who doesn’t deserve it as it would provide no value to the landlord.In my lease I include a line highlighting the “landlord’s right to report”, which outlines that I will be reporting on the tenants actions to a 3rd party data management company.Think of this as reporting to a credit bureau.The feedback from my renters has been interesting.They are worried about future landlords seeing this and it seems to be having a positive impact.I’m curious to know if landlords in other communities would find this of value.I’m also curious to know any thoughts you have on this.I’m hoping this would be something adopted by cities to help landlords manage bad renters.My community has been on a rampage of blaming landlords for all of the ill’s in the community.Yet they provide zero assistance in actually addressing bad renters.

Long story short, it was nerve wrecking and slightly terrifying. 

Close to downtown in Tucson could mean terrifying or trendy hip, depends on the exact location.

I heard a terrifying statistic the other day about the percentage of college freshman who are on prescription drugs for anxiety.