(It seems surprisingly common for inexperienced investors to believe that profit = rent - mortgage.)Default on loan and enter foreclosure or just get sick of losing money, depending on how emotionally invested they are.

Skype is so inexpensive I am surprised that you would even see the cost compared to other things.I believe Skype is free between Skype users.

It may surprise you.As far as prop mgmt - you'll have to check the employment ads in the paper and find out.

There will be some unexpected dogs and some actual diamonds.2.

Better to spend it now and know what you have spent the money on than to get a more expensive surprise later.Note that the advice and the solution can be used multiple time in the future.John Corey

I started reading more real estate articles,surprised I didn't look into that part,I usually read what other people are talking about on the forums.You do have a good point REI on what crowd I'm hanging out with.I noticed that,the more I hang out with other people who don't have any interest what I'm doing I get bored,and not learn anything,and waste time.I know in business time is very valuable.I'm going to call some investors tomorrow,to discuss real estate with them.Yeah you have good point on a customer will say no 4 times,before I get a yes.Your right flipper I should just move on to the next deal,and not let the other deals get to me.I should just look back with a smile,learn from the mistakes,and move on,because success does not come along with out failure.

There could be other surprises for a lender so why take the chance.2.

Cash flow is great but you are only a couple of unexpected capital improvements away from a mediocre if not negative return.

I don't know that I have ever seen one that says you'll have to pay the agent if the deal falls through but I would not be surprised if there are such contracts out there.Honestly though, I think that most agents that work with investors a lot won't usually make you sign a contract.

Tenants are polite, call when they say they will, show up for appointments when they say they will, paid application fee with no hesitation - while I realize this isn't really a screening method - judging from how many no shows, rude people and people who balked at application fees, it is a pleasant surprise to deal with someone well, pleasant.