You make your money buy, so good deals are often the most affordable (worst) house in a decent (best) neighborhood. 

The worst they can say is "No."

It got me 2 times already and not going to make that mistake again.

Worst case is he gets orders in hand and he bounces with no repercussions.

There is no one right answer, and no matter what you do, you're going to make mistakes with your first purchase.

I’m naturally conservative so I plan for worst case scenario and still like to see positive returns and always offer based on my conservative numbers.

We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.more....To read full article,click link below:https://www.biggerpockets.com/...

- Napkin math 'worst case scenario': $25K down, $2100/mo expenses, $20k gross - leaves me with an annual cost of $6k/year -- which IMO would be the cost of a year's worth of travel, and then starting year 2 I'd cash flow positively?

If you're just buying doors, that's a rookie mistake. 

Message people on BP, talk with people in Facebook groups, follow blogs, use social media to connect-Embracing the fact that you will make mistakes and it won't go smooth.