@Brandon Wright I get that you came here looking for answers but I think you may be going about it a little wrong.

Hello, i might be wrong here, as i actually don't live in the States but in Italy.  

For instance, if one’s net worth is $500K, and most of its tied up in real estate, would it be a good idea to keep the next investment at $100K or less (20% of total net worth) from a diversification standpoint to prevent from devastating loss in the event something majorly goes wrong with the property?

In my opinion, and I could be wrong, not only is the property expected to increase in value, but even if I utilize a HELOC to purchase additional investment properties, the rent roles will still be able to cover all expensesAs I mentioned in my post, if only I learned about BP sooner, I may have chosen a different property to invest in.

This is just plain wrong.

Has anyone done the same or have any insight on how this idea can go wrong so i can prepare and learn from others experience?

Has anyone done the same or have any insight on how this idea can go wrong so i can prepare and learn from others experience?

Has anyone done the same or have any insight on how this idea can go wrong so i can prepare and learn from others experience?

Kitchen cabinet measurement/layout was WRONG.

Then i was like checking my Zillow views, showing requests updates from my realtor.After 2 weeks we got an application, and with initial review we didn't accepted because of income criteria and no.of people.Then no application for 4 weeks, even though showings were happening.Then my 1st Mortgage payment is coming up, i was getting confused if i made any wrong decision with Rental property investment, and then i started researching on my own, decreased it by another $50, which became 2nd lowest in that area, and mine was better home than the lowest, boom 2nd day after lowered, we got an application on Friday, and i dint accepted right away as it was not 100% to my expectations, and i want to wait through weekend to see if i get any more.