Sometimes you don't negotiate hard enough, get bad loan terms, work with poor contractors, forget to look at the expenses and CapEx with a critical eye, and the list goes on. 

I bet that would look great inside too!

Poor tenant selectionThese can both be addressed by YOU!  

I know this is the right thing to do, and as I read in Rich Dad Poor Dad, I am going to acquire assets and not liabilities.  

I would bet they don't want to be listed on the lease and be responsible as well.  

@Edgar Arias Here's a great list of books. http://www.biggerpockets.com/renewsblog/2013/04/14...If your were only to get two books, i'd recommend "Rich Dad, Poor Dad" for inspiration and "The Book on Investing in Real Estate with No (and Low) Money Down!"

I wouldn't do it with a tenant who's got poor credit.

An investor I know said that my best bet would be to attract a good set of trustworthy investors and require a fee whenever I make a real estate connection.

Then come back and let's pick up where you left off.I'd bet Troy a steak dinner you don't follow thru on the challenge but I think he's smart enough not to take the bait. 

I became inspired to invest in real estate thanks to my father who handed me "Rich Dad Poor Dad" when I was a teenager, and who has income properties in Queens and Brooklyn.