But it was a painful event for him.. he had never lost in RE before .. so did not really matter if you had debt and did not have lots of reserves you lost your properties... there is a reason you see multi family and other rentals in foreclosure it happens all to frequently .. and to some top players as well but disproportionally to  one's with no real experience.

Kai, Im sorry for your pain.

I am new to real estate investing and have a question.It seems that whether you are an agent/investor or investor, a big pain for me is coordinating with all the service providers to a transaction (i.e. inspectors, appraisers, attorney, insurance, etc.). 

It's not a quick process and as always it's a pain dealing with the government, but it is really worth the trouble if you have older, run down rentals in one of the targeted area.  

We weren't sure when we started if we were going to buy more than one or two properties and had determined that the administrative costs and hassle of a corporation weren't worth it until about the 4th property.

If you think you have what it takes to be our Administrative Assistant and have 1+ years experience in general office tasks such as answering phones and responding to email messages, data entry, creating and organizing files, setting appointments, making travel arrangements, doing online research, handling incoming and outgoing mail and correspondence, creative marketing, and more…Then here is your opportunity!

., an order of a court or data request from an administrative or governmental agency with competent jurisdiction) to be disclosed; provided however, that Subscriber shall provide TURSS ten (10) days prior written notice before the disclosure of such information pursuant to this Paragraph 5.1.

When we bought this house it was a pain to get the stickers off the wall was were phrases.  

David,I feel your pain.

What I do know, for anyone else out there who may be going through a difficult situation right now, including this investor who shall remain anonymous, is that if you remain diligent and maintain faith in yourself and persevere, you too will overcome your greatest challenges, whether in real estate or any other industry, and come out on top with a great testimony and amazing tools and experience with which to help others succeed, avoid pain and shortcut their journey to success.