For example - a tenant put a pan on the stove to cook some chicken with a bunch of oil in the pan, realized they forgot an ingredient and went to the store with the heat still on and the oiled up pan on the stove which caught fire and burned down the property.

Here's the key ingredient: Low competition area.

So before you buy a restaurant, you need to know enough about running a restaurant to be able to go over te figures and know if they are realistic and to recognize what is being left out of the expenses column.Restaurants are deeply affected by new restaurants in the area, changes in roads, bad management, bad press, and just plain fickle public.Restaurants in my area are having a very hard time with the very steep increases in the prices of their main ingredients.

There are still hammers to swing and paintbrushes to wield, but I am starting to look ahead at getting it rented out.There is a light industrial plant (food and ingredients) that is very close to the house... their property line is about 8 houses away from mine, and the house front door is about a quarter-mile walk from the front door of the plant.Even better, the company just expanded the plant with a second building, and have billboards up around town saying "We're hiring!" 

Forgive me if I’m out of line, but this is the reason that I built a real estate portfolio with a partner valued at nearly 30 million during the same time that you built a portfolio valued at 2 million.You can do it and teach it your way, or you can do it faster my way.Working with someone who knows what they are doing is the difference between getting the ingredients to a meal and getting the recipe.Josh, you are always welcome to come to our meetups in Mesa where I outline how I found my last property, how I got it funded, and how I got it fixed up, how I got it tenanted and refinanced or sold.

That "ingredient" does not exist today.

This book will give a person the #1 most important and necessary ingredient to "make it" in REI, that's an INVESTORS mindset.

In other words, what would you say is the first step for each ingredient ?

The ingredients to disaster!

But I’ve got my apron and trying to collect my ingredients!