Industrial fires and spills are very different from residential and general commercial fires and accidents.

For instance, if a partner let's his kid drive his car and the kid gets into an accident and seriously injures someone, both partners can be sued.

I fell into this whole thing almost by accident.

I know we can't predict the future as there is always unexpected events, but we can seek to understand what the actions of today will have on the future.Lastly, what are you looking to do in your investing in the near term?

Also, a boss who asks you to do something illegal won't think twice about throwing you under the bus when there's an accident.2) The next guy I meet who goes from hanging onto a steering wheel one day to full-time real estate investor the next day will be the first one.

How many kids die from bike accidents every year?

Always plan for the unexpected, the front porch roof and rear porch removal were two items that required a lot of extra time and money.

.- We do have incomes that allow us to offset the negative cash flow and do have a reserve fund for both properties that cover unexpected maintenance, capex, and vacancies.Our goals in the next few years:- Refinance rate to the 4-5% range for Triplex (our lender allows us to recalibrate our interest rate based on base rates for an $800 fee).- This would drop PITI and allow for the property to break even/cash flow with monthly payments.- This would allow our portfolio to cashflow upwards of $2500-$3000/m if we were moved out of all units.- We would then use that to round into another property that we would then move into.- There is the potential as well to increase principal paydown through the excess profits from my company, allowing for a lower monthly payment.I guess I’m seeing what other investors’ strategies are for markets that don’t quite have cash flow yet but are trying to buy in, even if they don’t have cash flow at first.Is this even a strategy investors are implementing at the moment in order to get into properties that may be able to be acquired at a “discount”, or are we a very small minority of people who are pursuing a path like this?

You'll also want to make sure you'll still have enough money on hand to handle any unexpected financial setbacks that might come up.

Hello, 1st time posting, though I've been living and breathing allthings Bigger Pockets for the past 6 months.  My husband and I are new REI, just closed on a 4 plex found off market using seller financing in March, '...