I survived a horrific motorcycle accident last year, have my health, have an amazing girlfriend, great friends and a supportive family.Currently I’m over $3000 in passive income but won’t leave my “job” when I hit my FI number.

So (in my opinion), investing only in sponsors that have survived recessions with little to no money lost also reduces the chance.3) Talk to other investors and see how the sponsor has performed for them in the past.4) I avoid what the SEC calls stereotypical signs of fraud: Sponsors who "guarantee" results when money is really at risk, funds with distributions that are eerily the same every quarter (in an asset class where they should vary) etc.5) I avoid any sponsor who I catch materially mispresenting anything (and doesn't quickly apologize and correct it).

While I had a solid team, the payroll was a big cost and I couldn’t survive for many months without bringing in revenue.

Recession-Proof Real Estate Investing: How to Survive (and Thrive!)

Normally all closings are final, but his attorney insert a cause in the P&S contract, "errors and omission shall survive the closing".

If your average cash flow was $600.00 / property and you were losing a large portion of this cash flow to expenses that were not accounted for in the estimates given to you by the your providers, I wonder how long an investor making the "generally accepted"  $100 to $200 per door, can survive before deciding to call it day and selling their "cash cows"  back to a provider who can then repeat the cycle. 

This info is essential to survival in the flipping game.

Crunch your numbers and make sure your deal can survive an assessment increase to $250k. 

Its just really hard for me to believe that the only way to survive in Real Estate when starting out is to have a second job.

My risk has nothing to do with losing the properties but rather what is left for my family to survive on should something bad happen.