Obviously I don't expect to lose my job but say theoretically if I did I really wouldn't be crippled since my mortgage is covered by my renters.

That said, I’m not willing to lose my shirt on a bad deal just to learn so I think I need to continue exploring both paths: looking for personal deals and deals I could bring to the business (and which I could invest in).

Not only should you lose your license for doing so, but you may be an accomplice to any crimes committed with the information provided.

But I've heard investors mention losing millions of net worth overnight  (even the ones who bought at 70% ARV) just because the property comps dropped instantly and they were over-leveraged and were underwater on mortgages. 

If you win you win, if you lose, you move on.

I would find one that works for a flat rate as oppose to an hourly.Above all else never lose your composure.

@Ray TrippPros:- Do very little work- Potentially sell higherCon:- lose some money to the agents at closing

You lose that exception if you cross 150k  AGI. 4) You would want to get an LLC, rather than S-corp for rentals.

I'm not as familiar with Beckley, but in Huntington, Charleston, and Eastern KY the house is just as likely to lose 2% as it is to gain 2% so I don't even factor it in. 

They say the tenants are amazing because they don't want to lose the privilege and if you have a problem, you can just talk to their officer (I don't think that's the right word but can't think of it right now) or threaten to and they snap back in line.