Currently my biggest fear is losing capital due to dishonest seller, issues with collateral file causing inability to collect on loan,..etc.   

We can shower together in our 6ft double head (with separate controls) for 45 mins & never lose temp. 

Make sure you’re willing to lose the deal over this.

 If I could do it over I would definitely buy a four family I started with the duplex then a three family and then a four family and I now do 4 families and larger if one person moves the only missing one fourth-year income versus a duplex where one person moves are losing half your income plus with the price point on a four family your depreciation and you’re write offs are larger and later on your net worth is higher

If I have just enough coverage to pay off the mortgage, but not enough to rebuild the home, I'm left with a lot and I lose the cash flow that the property was generating. 

You will lose rent, you will probably incur additional charges for the eviction, and you'll likely incur losses due to cleaning and repairs.

For me, the last things I want to lose are my personal belongings. 

As far as golf goes, I measure my games in how many balls I lose in the desert but I’m always ready to have an adult beverage on the front 9 and back 9.

"Losing" money on a home may make (save) you money in taxes. 

There’s a lot of money to gain in real estate and a lot of money to lose so don’t be dumb .