Get the book then go eat some greasy food.

Ex) make sure you don't have any big CAP EX expenses(roofs,foundations, mechanicals) that you are going to have to eat in the first couple of years of the rental or buy it knowing that and price it accordingly.

Do you want to invest aggressively to build a large portfolio or do you want to invest conservatively to build up your nest egg without as much risk.

Not debt free but it would build a nest egg to start.Another strategy is find a super good deal.

That's $150.00 and most families with freezers keep more than that on hand. ok, let's be honest here. most people just have one fridge. either a side by side or a top freezer. i'd like to have a separate freezer just for meat (like a whole cow butchered), but that's just a dream of mine, not happening.those normal freezers do not have a lot of storage space. 99% of people eat crap food which includes hot pockets, pizzas, waffles, not to mention disgusting frozen dinners that are purchased by people that just want to stuff their faces with something. after all, bad food is cheap and people just want to eat cheap. i understand that.because of the above, most people do NOT have the space to put that much meat in the freezer because meat does not stack as well as pizza boxes. that's my whole point. unless there is an extra freezer or you cook often (not just heat a bagel in the toaster), you dont have that much meat.oh, and btw, fridges and freezers are designed to keep cool for a long time if the power goes out. some people think that meat starts to rot as you open the fridge door.

My question however is what happens if an unforeseen cost eats up your portion of profit and begins to cross into your investors margin?

Instead, I mean that you have enough income irregardless of source to pursue your wants while providing for your family as decided by the family.I am now focusing on adding some house flipping for daily living expenses, using a disciplined numbers approach tempered by reality of need to eat.

$5K does not go very far these days (a fresh coat of paint and replacing the carpets will eat up a large chunk).

Also as mentioned by Patrick resale costs would eat up that small amount of equity.

That may be a better solution than taking it to foreclosure, in this case I don't see GMAC eating 45K exceeding such alternatives and perhaps having some things done, protecting the collateral, and holding it for sale.The other factor is the borrower information, likelihood of obtaining a deficiency judgment or will they be headed to bankruptcy?