BUT David and Brandon aren't helping me stick to that mentality, as just today on another older podcast David said, more or less, if you're in it for the long haul (real estate investing) there is no reason why you wouldn't make the most out of every last cent of equity you have, putting it to work investing more ultimately giving you a higher ROI than just leaving it sitting in the property itself.

Mental rehearsal ahead of time (asking what-if and thinking through possible responses) might be the best way to deal with these possibilities.

It's actually much higher than that with cost when any health insurance is paid, social security match, workman's comp,etc.

When you’re in your early 50’s, good health insurance is a major factor!

When you’re in your early 50’s, good health insurance is a major factor!

When you’re in your early 50’s, good health insurance is a major factor!

They then started to complain about previous issues with rodents and even complained with the department of health.

I’m starting this journey at 35, not married, no kids and coming from my family’s mentality of scarcity, discounts, savings, work hard, etc.

@Dale Miller  FHA, VA and USDA appraisals are far more difficult than for a conventional loan.Appraisal for a conventional loan is looking for the value of the property and to ensure that all major systems are functional - water, sewer, electricity, heating and AC.FHA/VA/USDA does the same, but will also fail for anything that can loosely be interpreted as a health or safety issue. 

I suggest with real estate investing you have to have an "all in" mentality to be successful.