While working on that, keep learning and get more knowledge would also vitally important to reduce the risk.

Sitting in the Gold Coast of Australia working out the terms of the split from my wife who will be staying here while I head back to Dallas.  

Having money in pocket is gold. 

If you're starting out, you're going to have a far easier time if you have some cash in the bank than if you don't.So treat your capital as if it were gold - because it is.

Also make sure that you do your due diligence on each property before you bid, a title search is vital for this.

In conditions such as those we face today, fulfilling redemption requests would require us to either substantially deplete vital cash reserves, or, even worse, potentially sell assets into a down market, likely at a price far below actual value.

FDR robbed the rich of their gold holdings.

In a market like this, sellers think they are sitting on a gold mine even when their property is awful.

-It's vital that you work with an experienced agent for these transactions.

The podcasts are gold.