@Bernie Indig I understand that eventually you want to connect with people with experience, but what you've just said is that you have excess funds but no understanding of any areas around you.

The investigation may uncover other problems and even cause them to lose their license which would protect other investors.4.

Good properties in great neighborhoods will make you money without potentially losing your shirt in the process.

If you make mistakes it’ll be your money you lose, not your fathers.

Since we did not have the HELOC process started and escrow opened...we had to decide what we were going to do or else we would lose the deal.So as of now, we are doing 5% down owner occupied.

If I'm planning on buying a house every 1-2 years, would this be a risky investment knowing that if the market corrects, then I could lose a lot of rent from tenants and then be stuck with paying more on my house.

The worse case is you lose $11k (your cost of walking away now) + $500 engineer cost.  

If you purchased a property with higher historical cap rate AT a lower cap rate, you would likely have OVERPAID.The two quickest way to lose money in real estate:overpay for a crappy propertyoverpay for an awesome propertySo the lesson is simple - Just never overpay!

I definitely 100% disagree with local investing being safer, IMO, your risk of losing money is going to be higher in your market.

they  are to show redacted contract of highest bid.. and this is America agents have a code of ethics and can lose their licenses for not being truthful..