No need for anyone to ever know.Statistically you will never need or use it and in the very rare circumstance the need should arise you will be more concerned about covering your butt than pulling the trigger anyway.

Where controversy arises is usually in cases where there is not a correct or complete understanding of either the strategy or the applicable laws and legal doctrines governing its use.

Stay out of bonds in a rising rate environment, but get chunks out of mutual funds/equities for sure.I'd convert to a Roth or withdraw more during lower income years if I could.

Im willing to do whatever takes, I guess my biggest worry is that when expenses arise I wont be able to cover them.

Hi Everyone, I have a California specific question.My wife and I rent a guest house and the landlord just came to our door and asked us to sign an addendum to the lease releasing him from any liability that would arise if we were to be bitten by one of their dogs. 

Even with a manager things may arise that cause you stress and take your money.Unless lower class investing is your main focus and you have the capital and comfort level in this arena I would not do this deal. 

My overall goal is to gain enough capital from wholesaling and eventually move to "house-hacking" before my senior year arises and become a buy and hold investor with multi-Families, Commercial Properties, and sharpen my creative real estate exit strategies like subject-to, and eventually doing 1031 exchanges on future properties I own.

However the room transitions is where the old hardwood floor has some issues of a rise or fall (haven't taken a measurement of the exact rise or fall yet, guessing < 1/4" generally). 

If possible, join your local REIA so that you have local support when questions/issues arise.

Instead, we are putting this out, with proper contingencies (inspection, appraisal, financing, etc.) to give confidence to the seller that you intend to buy at your stated terms, barring any unexpected hurdles covered by your contingencies--which can ethically be negotiated should they arise.