But surely you must understand that all the "you can do it" / "it's all up to you" / "sky's the limit" real estate slogans in the world can't change the fact that in reality a lot of people screw up their first time, and if you fail to locate an investor and/or get them to close on your first deal, I don't think it should bury you.I mean, how are you ever supposed to do your first deal if you have such a zero tolerance for error policy?

It is a matter of what your risk tolerance is.

I paid too much for my property but it was well within our risk tolerance range...not to mention the timing was just right so that we could land this particular deal. 

. - thanks Ian- lots of information to digest between all of these posts, and as you say, there isn't necessarily one "right" way to look at finances- it has to do with each person's beliefs regarding money, risk tolerance, and overall financial education as well.It's also good to hear when things aren't going so well, because even though it's a bummer, it's part of any type of investing, and I think failures are great teaching tools, plus it keeps us humble and constantly seeking knowledge on our investing journey.Thanks for your feedback!

Can you save up that amount in your 2-3 year timeframe, or will you need to walk into the equity another way (adding value)Two other variables that will be quite important, is your amount of free time, and risk tolerance level.Finally, it would be great if you fleshed out your goals with REI a little more.

They need to be risk tolerant and you need to be more generous than expecting 8% for your money.

I'm in a similar situation, and found that the business of investing in multifamily / apartments is more in line with my strengths, risk tolerance, and short / long term goals.

If you have a low risk tolerance and don't know how to properly shift risk when leveraging, then keep the equity above 50%.Stay Blessed!

Some places have tolerance, but some just are too strict on this form of marketing.

I expect that each lender has their own limits of what they can tolerate in late or missing payments for the mortgage to reach a point where they seek foreclusore.I think you would need to look up each property on computers at the County Office Building to see what has been recorded for each property.