When I walked out of that office, people had smirks on their faces expecting me to be back in Corporate America within 3 months because ya know, "it's tough out there, 90% of startups fail, real estate is risky and the list goes on".

(Smack right in the face with reality)I joined BP last week and have been listening to the podcast daily and assessing properties every day.

If you don't, you'll be facing potential issues.

If one tenant doesn't pay his share, that means they are all late and they can all face eviction.

@Ken Li, Just at face value you'd be trading 6% rent/asset value (not true cap rate don't be deceived) up to a 10% rent/asset value. 

At a $450K purchase price, we would barely break even assuming we could get financing. 

And I absolutely know they can't physically move (they can barely get up to answer the door) so I even offered to come over today and help them sort through stuff and pack and they declined. 

YES - you are facing a block in the road at this point - Work Status, Income, etc.!

So that leaves me with finding an older home that needs a face lift but I could likely start with more equity and a lower payment, or moving into a newer home for more money.I would love to hear any advice from other members of the community that experience in these areas.Side question.

@Cody HallBP is great, but connecting and learning live and face to face can be very valuable.