I have been told all my life in saving into my 401k that you need to save the maximum that you can.

And consider the idea that "what goes around comes around, and nit just how that may effect MY life, but do I ensure that what good does come my way continues thru my actions to reward others for the good they are doing.

I have a perfectly good (in my view anyway), safe, financial life right now, but I can make it better by flipping houses.

I had a period in my life that I thought it was a good idea to own an entire street.

sorry....should've been more specific - I am not looking to sell or otherwise to get rid of the property.just thought it'd be beneficial for some newer investors to see what others are doing. maybe they can learn a thing or two from these real life examples.....

Of all the things I fear in life, debt is one of them.

Life insurance is a necessary evil.

If you materially participate in a "personal service" activity (child care, consultant, real estate agent, etc.) for at least three years, you are a material participant for life.7.

If after that you screwed over some little old lady and her life savings, expect to be showering with others and having your mail read for awhile!

What is the worst thing....the lender takes the property, they ding your credit, your credit goes south, your insurance premiums go up, all other credit costs you more, you won'y qualify for another mortgage for a few years, and who knows what other collateral damage there could be in your life......best thing is to pay it or sell and get out and avoid the issues. :)