People are not suddenly going to not need a place to live.

I have seen many people who were qualified for a mortgage and last minute buy a car or a boat and suddenly are not able to get a mortgage. 

All of a sudden I got fearful!

But say you use it all as the down payment, then you suddenly have a 10k repair that you need (roof broke, hot water heater failed, and HVAC broke all at the same time).

After our 30th offer we went under contract on a property and all of a sudden one of the other houses we made an offer on came back and wanted to work with us.

Real estate is a rollercoaster of a ride and if you're in it long enough, you will see it all.If you diversify your revenue stream with 5 properties making up your ROI as opposed to just in one, now all of a sudden "that one" vacant property has a far less significance on your bottomline.I always tell me investors that the party starts after property #7 as that is when you start replacing the national income average through cashflow generated by your portfolio.Why cash only? 

Yeah but there was a surge (pump) in the market for quite some time this year.

When it comes to NC I think investing is much riskier along the coast because the storm surge and high winds.

I asked him for his license and insurance and suddenly he shy's away and I don't hear from him. 

I'd walk by Gouda cheeses in the supermarket and think about Dutch girls and suddenly I'd be in an embarrassing situation.Duplex, SFR, managing opportunity, long-term gains, all that was totally lost on me.But I did learn how to talk to and live with women, and that's made a significant difference in my life.