And it goes without saying that it is paramount to buy in the right area, and not overpay (but it's too late to change that now.)So hopefully this doesn't come across as too harsh - it's not intended as such.

is a no-nonsense landlord, and while his advice may seem harsh, following it will set you up for success.You're already thinking about how you should be handling this tenant, which is great.Family members of the past owner rarely make good tenants who pay on time.

Pretty harsh from the (won't use name) moderator.

Most of them couldn't care less about your success, either.It sounds harsh and kind of gloomy but it's what I've observed in the past few years.Never trust that paperwork will be transferred correctly, never trust that your servicer will make the call, never trust that your attorney will have your foreclosure published, never trust that your contractor is going to do their job, never trust that the county is going to account for your payment right.

Don't mean to sound harsh but that's business.

Hope I wasn't too harsh.

This may sound harsh, but it sounds like you may have some more work to do on mastering personal finance ... yes, you may be frugal and be able to manage expenses ... that is great, you are half way there ... but yet, you have no capital, so you are not all the way there yet IMO.

I was trying not to be too harsh, but you nailed it.

Be overly cautious and harsh with your analysis.

I truly appreciate any advice, knowledge or harsh criticism on the plan.