Lets say in the future I sold THAT property as a 1031 and bought ANOTHER rental property, then in the future decide to sell THAT property, but NOT do a 1031 exchange, just want to be finished with it (hope I didnt lose you on that).

David Greene- “If it don’t cash flow, it’s a no go” Me, right nowBuying properties that don’t cash flow is an easy way to lose money in real estate.

You’re talking about 5% over 4+ years, defiantly a losing proposition.

I was about to close and the bank (Better. com) denied me for not having a long enough work history.  We went over this many, many times and I wrote a letter explaining my work history working as a yoga instructor and...

From our experience, anything over two weeks is too much, and you are losing time and money.Andrew gave you very useful questions to ask lenders, but keep in mind they will have their set of questions for you as well. 

Do it yourself and screw up a form or forget something and you PROBABLY don’t lose, but maybe you’re delayed 2 weeks or a month, more lost rent than the specialists call. 

The money goes crazy, we're sitting on assets that don't lose their value and our liabilities are loans which are constantly being eroded.

You lose your job the market that you thought would happen isn't there your wife's health fails your health fails there are all of these things that you need to look at in a worst-case scenario and so when you go into a deal in this particular case my friend's best advice is to show him the downside right so that when he goes into this deal he and his wife understand the worst-case scenarios now they may still choose to do it that's up to them but at the end of the day what you have to do from a business perspective is look at your downside don't focus on the upside focus on the downside.

I hate losing money.

So what you're looking at is if the market correction is strong you could buy a house for 150 000 it drops to 50 grand so you lose 100 000 in equity and your cash flow goes out the window.