The notion of buy some rentals and travel the world is just one of these things: too good to be true.For some context: I have been investing in Milwaukee for almost 15 years and have seen this play out in real time.

Not sure where you get that notion of Lakeland crime is b-a-d ....... all major cities has its share of B.A.D areas and lakeland is no different, but lakeland in my opinion is wonderful and growing strong. 

We're a small firm with a unique marketing plan, a highly dedicated group of agents, and don't come with any of the per-conceived notions buyers might have of other companies". 

A Profit and Loss report broken up by Quickbooks class (each property and investment stream is a class)The best thing I ever did was start doing daily accrual-based accounting - for me, having those numbers in front of me and challenging myself to overachieve keeps me focused.I have a vague notion of keeping risk in mind with these things, but I could improve by somehow modeling the amount of risk I'm taking (kinda like alpha in the equity markets).

It seems like it would be a waste trying to create in a different state unless you had some grander notions of asset protection or identity secrecy.

Well, of course you'd sell that place in a New York minute, because you could take the $90K net from the sale of that place and make more than $1 a year from it.Another comment on the notion that what you pay IS the market, if that's the case then I guess wholesalers should just give up the game, shouldn't they?

You don't have to take the loan.2) Divorce yourself from the notion that money can be made in real estate with little or no work.

But the notion that LLCs protect you from lawsuits is quite misleading.

I subscribe to the notion that you should only insure on things that you can't afford to take a loss on.

Since the bank will hold the paper on the books, and actually make returns for its' investors this way, they need to be sure that the loans they do are "good" - meaning, they want to "know" you a lot more than someone just writing the paper and flipping it on the secondary market within a week.The notion that smaller banks will rely on this note to generate returns for their investors also tees up a lot of the terms of lending.