They had returned to take care of the old man because he has terminal cancer and he signed the house back over to them.

Cancer had completely spread throughout her body and she passed away.

We are just focusing on underwriting more conservatively - expecting less vacancy, lower rent premiums, expecting on the exit, etc.Good deals are harder to come by which makes it harder for us to find a deal for our investors however I would much rather miss out right now than to put my investors in a situation that would ruin our relationships.

Losing property management or bad property management would ruin this for sure as I am guessing the systems to run a park are a whole other world than a multi family with different dynamics.

Coming back from those pitfalls could ruin literally 10's of years worth of hard earned money if you have to pay it back.Take Jonathan's advice and build a sound foundation.. it will pay off in the long run and you'll be happy you did.

I am assured by him that I would need to be trying very hard to ruin myself or doing something illegal to be held personally liable.

These investments still have to compete with securities and other investments and I don’t see how the reward justifies the risk for these projects if you have to sign your whole life away in the event the banks ruin the economy again.

But I've seen cash tenants ruin a property just the same, so I think if you do adequate screening and let the tenants know your expectations with the property, it should be a good experience. 

If the agent isn't covered you can still sue them too, and probably ruin them!

It can either propel you to great heights, or ruin you financially.