I like the idea of frequent accountability and the focus on imperfect action. 

You might be better off flipping the contract if you find deals frequently but do not have the capital. 

Definitely get the estoppel letters and copies of existing leases.Apartment complexes change hands frequently (if judging by the "under new management" is any indication) and I can assure you they don't kick everyone out and start from scratch.

The market is up and down and frequently sifts.

@Giles D.Lane I believe is a frequent contributor here on BP - I believe he changed the name of his company to the wealth elevator.

I will add a bit more below;The casino project has portrayed a great deal of "hype" with many of Springfield's investors/residents/community.

My son is going to FSU, my wife will be making frequent visits there because he is her baby ;-). 

You'll save on realtor's fees.One thing to remember is unless you are flipping, selling a rental and buying a new one frequently is going to lose you money. 

I’m frequently asked by new investor hopefuls how to get started in real estate when cash is light.

To get the full effect of how I first saw it, I'm going to have to ask you to imagine a raccoon sitting up on top of the bed.One thing I've frequently told folks is on these old, low class properties, if you need a home inspector, this is not the right property class for you.