Hint: Never be afraid to walk away from any deal...

Never be afraid of failure!

Here again was a classic case of the owner not wanting to raise the rents because they were afraid they would have to do repairs, and the tenants not complaining about the property because they knew the rents were very low.  

As I write this, I am considering calling the seminar company and getting my money back, as I am not afraid of doing "hard work" to find this information and would rather save my $2k for investing in RE rather than putting it into other people's pockets mostly for the sake of them getting richer.  

Almost 15 years later, I continue to think of that as my turning point.So I think get your feet wet on a first property that you can learn a bit by fire (do all the analysis, leverage the great wisdom on this board to buy right, but don't be afraid to jump  in).  

And you're right, the sellers are crazy or they are looking for a sucker, I'm just afraid that someone will gladly pay  that price.  

I'm afraid to get in bed with a hard money lender that I don't know.

I am very afraid that later on he might come out a lot more other request.

What im afraid  of is that the bank will appraise this property  for alot lower then the asking price and them i will have to pay the difference which i dont think ill have. 

Don't be afraid to ask.