Off the top of my head: a drug overdose, a death, walking in on an intruder (2x), catching an intruder on a surveillance camera, pipes freezing and then bursting in cold weather, local prostitutes frequenting my tenants, water line leak to fridge icemaker that destroys a kitchen floor, the list goes on.

, and perhaps the most important lesson that stands the test of time: the risk of leverage.I think one of my favorite investing quotes comes from this book, regarding the squeeze that can take place when markets change and you're leveraged (think lack of refinancing, equity extraction, etc)..

She is likely on illegal drugs or is doing something obviously shady.  

I'm about to take the tests and get my re license within the next couple of weeks, so feel free to contact me with any questions about getting your license.  

(I know to steer clear of "gurus" but he did capture my attention at a young age).Fast forward and I am now 38 and looking to finally dive in.I have $20k put aside to "test" my ability with and I have a relative partner who can probably match that if needed.

As you mature, your energy and stamina may be tested by low-end, high profit rentals and other labor-intensive profit strategies do be mindful of where you stand on this topic now and in future years.I'm big on education and I'm philosophically in opposition to the camp that says that you can learn everything you need to know on discussion forums like this and others.

I am still testing the waters trying to do this on the side and I know it will take some hard work, but as a former Marine, I'm ready for the challenge.

(keyword alert test)

There are 39 states I can originate in, all highlighted in blue here: http://mortgage.nationwidelicensingsystem.org/profreq/testing/Documents/UST%20Adoption%20Table%20and%20Map.pdf

What I'm curious about is in our area using say the 50% "litmus" test what is the average cashflow one should expect in our area?