This means I can withstand many complete losses as long as I occasionally come out on top with a big IPO.  

Occasionally you get someone who has stellar credit, a verifiable job, and impeccable rental references with great income that just doesn't want to have to remember monthly rental checks.

It is an odd property, older than the other homes on the block (built in 1900), half the basement floor is dirt, and it's one of those duplex sized buildings that was instead divided into four small 1-bed units which I occasionally see in the older neighborhoods of Milwaukee.

It can occasionally take several minutes for a message to be successfully transcribed (turned from voice to text) and there are times when some of the transcribed message reads like gibberish.

I've had tenants that have had occasional problems with being late and have paid the late fees as well, but if I have to chase them to find out when they plan on paying the rent, it gets old quickly.

In a way a war zone landlord is an extension of the government having to take care of people that in many cases cannot function and take care of themselves.I do have some clients that will go 10 or 11 cap for occasional crime on the fringes but in a decent area and then some that want 7 to 8 cap for a better area.

If you haven't listened to the two episodes where he appears you probably should but you should also recognize that he's a salesman more than he's a real estate investor.4) for new investors you should seriously consider Brrrr5) multifamily commercial is an attractive asset class6) Brandon Turner is focused on mobile home parks7) David Green he's an impressive investor and frankly is more interesting than Josh Dorkin to listen to8) everyone who is interested in real estate investing would benefit by at least occasionally listening to the BiggerPockets podcast.9) real estate investing is not for everyone and it's important that you understand your goals before you start investing10) if you're thinking about investing your best bet is probably to do it sooner rather than later.11) go big or go home.There's a lot more I could say about the podcast but I will say this I really enjoyed listening to them but I don't think that any person should try to listen to them all in one year.

Does it occasionally happen that an investor will go around you?

That being said, good things do occasionally swim through it just due to the sheer volume of traffic.

Even then, EVERY accomplished investor I've talked to (and there are hundreds in the Chicago area) has been more than willing to walk someone through a deal, to check their calculations and reasoning, and to recommend a conservative approach until experienced.There has been some balanced commentary on BP, but the majority of what I've seen seems to come from ignorantly formed, snap opinion, based on little actual knowledge, or anecdotal stories of the occasional bad apple.