Pricing is the most critical component.

:) Bill GulleyI couldn't agree more about recommending these fundamentals and building block educational components..When I started 12 years ago I read and studied everything I could get my hands on, but I realize now that most of it was "guru" style education.

In any of those ideas, there are still two different components which is the borrower's principal balance and the invested capital.

I know this is the case with residential but I am not sure how it would work with the mixed-use component and if you could end up occupying the business portion. 

@Johnathan Le - Your debt service is just a component of what its going to cost to carry that condo; if your rent won't cover that alone it really wouldn't qualify as a rental property.   

If you want to be more hands on, go the JV route and make sure that the learning/education component is part of the deal.

It lets you think through the different components of your plan/strategy, and see what you are missing.

I love and will forever value the lessons I have learnt by not having the successes hoped for in this program- I have come to the understanding that anyone that has the secret formula for wealth creation with “none of your own money” (which is not true because everyone who has ever made a deal using his system has had to fork out $100’s-$1000’s extra for the unknowns, but his psychological stab at you is that “it’s minimal compared to what the deal is worth” and can make you feel ungrateful...lol), wouldn’t reveal it without a significant return on the education component of that process which in reality has a success rate (the number of students who get deals) I believe is minimal.

I let her know I have eight years experience as HOA president, I told her how involved I was in the day to day operations of the HOA, and how I supervised the replacement of all the vital components including pool gate, pool motor, patch and seal drive way, repainting if all the building exterior, letters, rules, notices, irrigation, landscaping, etc.

Trusting the wrong people to have their back without verifying.Paying retail price for a turn key property (with no value add component) just because the cash flow numbers seem to make sense and they think they will hold forever; limiting their exit strategies in the process.Thinking that just because they can buy something that they should.