I know, there are plenty of red flags there, but I do believe it is worth the risk when I consider how happy it makes my wife, how life-changing it will be for the family, how minor the financial impact will be on me, and how it gives me the opportunity to practice the steps of real estate investing with forgiving tenants.Finally, I am going to attempt to self manage as nothing comes close to cash-flowing if you include PM costs.

It's because typically people say they want financial freedom but are looking for an easy button where they do minimal work and all this success happens in their life.

I did a live in flip but hind sight I would have done better with a MF3) Use the excess money to snag a couple dealsCan't change the past, if we all had a crystal ball it would make life amazing.

Quote from @Sanjay Bhagat: 1) Is there a syndicate/s in BP which has gone through all the 4 real estate life cycle (recovery, expansion, hyper-supply, and recession) ?

I've been doing this basically my whole life and I can tell within about 5 minutes of a phone conversation if I'm dealing with somebody that I can trust and also dealing with somebody that knows how this system works.

This was a turning point in my life.

Keep in mind that many of these cheap homes are selling for less than a third of their insurance replacement value, which really means that the land has negative value - let that sink in.Most buyers who can actually qualify for a mortgage will get a PA for $200-300k and desperately want to upgrade their life.

My thought: 70k won’t change my life.

He swindled all of us, and now will ride to the sunset, and laugh at us for the rest of his life?

Well when life puts lemons in your mailbox, make lemonade with them.