That diligent practice of investing and preparing created far more wealth that was used to fund college.In a nut shell we all should be preparing for the future expenses of problems and desires.  

Fish tanks can break and ruin flooring, ferret's attract roaches, cats spray, etc.).

My concern would be if both work, do they leave the dog alone most of the time, and, if so, is it mellow or running around all day on a second floor driving the downstairs tenant nuts.

Some make arrangements for payments to be deposited to an account, the issue here can be that upon death, deposit accounts are frozen at which time you'll need to find his administrator or executor to make a payment.Just because someone is elderly doesn't mean they are nuts, chances are they are more aware of the deal than you are, being an older investor.

I have seen the numbers and I understand why it works, I just don't have the nuts and bolts of it.In a COBOL programming class many years ago, the class material provided the loan amortization formula and it was up to us to write the code to produce an amortization schedule.

From my experience, I can also spot the difference between a floatation device and a shark, and occasionally enjoy going shark fishing ... most newbies can't and believe in fairytails because they want to and there are plenty here that are happy to cater to that tenancy; I'm not one of them, so I guess that makes me a fear monger; some people have to learn the hard way.

Unless you are powering a hospital or a research lab, having the grid go out for 2 minutes per year or whatever is not an issue and having that as a consideration just makes you sound completely nuts.  

There are always more fish in the sea!

The guy he owes money to is clearly nuts or high!

Mortgages) can affect your bottom line.Lastly, code enforcement liens may re-attach in some circumstances.I've worked a number of these deals over the years and concluded that for me, tax sales are not a good way to acquire assets but a great place to fish using the default lists as "hit lists."