This is what we'd call a "subprime borrower", again harkening back to the days when lots of folks got burned when the market declined and they realized they were underwater on multiple properties, and ended up losing all of their properties to foreclosure. 

Anyone can put together paperwork.The agents that give us all a bad name try to dictate the deal and try to get to closing table no matter who gets burned.

It is important also to talk about these things online so others do not get burned.

not beginner strategies.if you have $2M in ETFs and $350K more in cash burning a hole in your pocket, buy a new build somewhere in an appreciating market and it will cash flow... because there's no debt on it.to your point, BRRRR with minimal cash flow is fine, because everything is new when you rent it out - you're replicating the new build strategy. 

So, if I did an electrical upgrade that was inspected by the town, and my house burns down for faulty wiring (that was inspected), the town carries no liability. 

Probably 99% of the properties in Texas never redeem....so you get a big FAT government guaranteed 0% interest rate.   

Fat fingers, lol!

Being a part time agent is no longer a viable "side hustle" because it requires a much higher level of skill to get listings than it does to tell your friends "work with me, it's free, sellers pay me"I love it.You can tell by the lack of response’s to this thread just how dominated by agents bp has become 🤣 Cutting the fat bro, it's gonna be good for those of us who operate on an elite level.

You're thinking far further steps ahead and weathering the volatility to reap likely more a fat-tails esque reward which likely does happen at the turn of the next inflation wave(not this secondary one coming up).From 08-16 you could do the former, from 17 fwd it's best to the do the latter.

It has nothing to do with how good they are but might be an indicator that they are running a good business where they get to pick their clients.I have seen many reviews or burn posts here totally messing up a firms reputation where it did not seem the vendor did anything wrong and that it was mostly a highly picky client.