And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

@Joe Melody Dave Ramsey is okay until he gets to the investing part, especially in RE debt magnifies returns by leaps and bounds, I am by no means a heavy user of leverage but you need to use some even if you pay it off quickly if you want to get anywhere. 

So out of curiosity, what would you say is the ONE main reason that led to you loosing it all a few years back ?

And to add more to it, his veterans exclusion is 40k, if we loose it, it will increase the taxes by almost $400 a month. $8k to take control of a property is very tempting but not worth it in the long run.

Conventional loans have a loose definition as well that is very confusing. 

I’m not going to jump into a bad deal but I also don’t wanna sit around and loose time that I could be doing something that will work out in the long run.

In some state you may loose some homestead or medicaid benefit.

Typically there should be an early termination page on every lease agreement The penalty can be 1 or 2 months of rent but with your tenant loosing his job.

You might have to pay a fee, but it beats loosing 50%. 

However lending is getting quite loose these days.