Most of the uber wealth in RE in this country has been built with appreciation (either forced or long term)in my day job of financing flippers out in fly over country.. at least 50% of the inventory comes from failed or burnt out landlords.. by the time they buy low end C D class rehab it yearly and then get it back 3 to 5 years later needing another 10 to 15k.. it gets soldusually to wholesalers who then sell to flippers who then either put it with turnkey marketers or sell on their own.. its a cycle since I started funding this stuff in 2002 I have literally made a loan on the same asset in some cities now 3 times.. that's 3 landlords that failed.. 

Lot rent $245 can go up to $350He wants a $6,600 payment because that's the cost of a care facility he wife is in for her failing health. 

Since I am replacing the near failing electrical box, it makes sense to put in an outlet on each wall, on overhead light and fan, and I want to add a mini split for the upstairs. 

Hoping this seems like a logical plan where we covered all angles.And yeah if all else fails, we continue to rent then move on.

@James WalkerDance hall, bar, restaurants are all cool, however, they are expensive, have large liabilities, and often fail.

And I mean if there is ever a time to fail and go broke, its when you're 18 and have under five grand to your name.So a couple questions:Do you guys think it is a good idea to potentially partner up with someone, starting a business for the first time to have someone to learn the process together?

And I mean if there is ever a time to fail and go broke, its when you're 18 and have under five grand to your name.So a couple questions:Do you guys think it is a good idea to potentially partner up with someone, starting a business for the first time to have someone to learn the process together?

People fail because they do not prepare, and do insufficient due diligence.

I'd call that a fail.

This was a weird one, I took on significant risk in a few different ways.Side-note, after I sold the property was sued by the buyer, the well failed and they did not have it inspected.