That book and the book E-Myth, have become the foundation of our REI business.

@Steve Babiak I was told at my the Sheriff officer conducting the seminar I attend that you could not sell the property during the redemption period. 

I don't have landlord insurance I always thought it was a myth, and a lot of insurance companies don't carry it.

I like the idea of using leverage to enhance returns, although I have been told by local agents (and wholesellers) that financial institutions are not going to work with new investors on purchasing their first property.

I then proposed that they list their home under my account so that the ratings/reviews on our two properties would enhance each other's property, which would result in increased bookings for both of us. 

IMO, the costs and continuing requirements, office meetings and all that goes on really doesn't enhance investing, but the education does.If you know alot of people and are good with the public, sales as a Realtor can be a great business.

I'm located in the Midwest and as @Eric Veronica mentioned, it’s no myth that investors from California favor investing in deals here for the lower barriers of entry.

.#2 The popular myth is that condos are maintenance free or less hassles than single family or multifamily. 

I originally financed my the home conventionally (20% down, 30yr fixed).  

I am a licensed lender who specializes in renovation loans and I came on this site for 2 reasons. 1- network with investors as I flip (with cash) on average 6 properties in NJ each year2- to provide information on renovation loans and dispel myths and show people how to use them both effectively and within the guidelines.