As long as you go in with eyes wide-open you'll be OK. 4) I agree that poor math can destroy many newbies.

Deceiving people, taking gross advantage of unsuspecting or naïve soul out of greed is nothing to brag about, rather it destroys your integrity not only as a dealer in RE but as a person as well.My position has always been to first inform the misguided as to ethical practices.

I just finished rehabbing my own house after it was destroyed and found a passion for the work.  

Like an abandoned house with mold and doors is an obvious choice, but where is the line drawn between destroyed and updated enough that competition will buy house regardless of its appearance?

Anything above that will destroy the economics.

To see others destroy as if you will "art" really is upsetting.

Losing your home to foreclosure destroys your credit score for several years.  

However don't be so misinformed to believe that people with Section 8 Vouchers are scum or bad people or will destroy your property...

A tub of caulk only costs $5 and you can't really destroy anything if you mess up.

In that case it would be advantageous, leaving you time to fix up the place after they destroy it (joking, I hope) or do some improvements, but the property is being used less so that makes sense if they agree.