I think there is still a video online of a police officer watching an HOA board president remove a sticky notice instead of being arrested for vandalizing a car.Did you have your tenant sign a copy of the complete set of HOA rules you gave them when they signed their lease? 

Title company sends excess closing funds to the seller instead of the buyer, or vice versa.On the receiving side, was the draw a check cut in the name of the wrong person?

Its always easiest if your company name is exactly the same as your .com or vice versa. 

You don't want to expose your business assets if something bad happens on one of your flips and vice versa.  

Had the honor of serving as the student body president while there too! 

I invested for cash flow, not for land value and net worth building @David Song , but that doesn't mean my strategy is right and yours is wrong or vice versa.

You don't want to mix money and accounts and have your multimedia company be on the line for something that goes wrong with real estate and vice versa.

Other states have feuding branches, where the legislature will pass something to control the courts from giving too much to a cohabitor or vice versa.

Somewhere along the line someone's going to have accomplished their goals and retire, decide they're sick of one-off deals and start doing apartment complexes or entire portfolios of retiring REI, get divorced, be sick of making payments and stop expanding while they pay the mortgages off (another great way to bump cashflow without taking on additional tenants that you have to babysit), get fed up with residential loans and start using commercial, get into syndication, decide to diversify and put more in Wall Street, buy furnished rental units in Baja, California, start doing hotels and reality TV and the like and eventually become elected President of the United States, etc etc.

Eg - House purchase cost: $60kClosing: $1,500Repairs: $8kAppraisal: $100kDFE ReFi amount: $61,500Notes-$75k is technically 75% of the ARV DFE payout is only $61,500$8k is “left in the deal” because buying with cash and using DFE only allows you to pull out 75% of the appraised value NOT TO EXCEED original purchase price + closing costsYou leave $8k in this deal for the convenience of conducting the ReFi under DFE rules, vice waiting 6-12 months for a traditional cash out ReFi seasoning period.