Build Credibility with Private LendersSecuring funding is just as important as finding deals.

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.

Thanks for linking the article Brett.

I agree with what others above said, that having a reliable, honest and knowledgeable team is the most important thing...more so than perhaps the location. 

I also heard Brett Immel was still doing business in Iowa, though I read an article that says he has been busted for lying during a bankruptcy hearing and may go to prison for 5 years.Would it make sense to contact the S.E.C.?

Quote from @James Wise: Quote from @Chris Seveney: Quote from @Bruce Woodruff: I saw @james wise thread on the fires in general but here are some other thoughts now that this has grown , I think it's important and very interesting...a) What will happen with CA insurance?

This deal reinforced the importance of seizing opportunities for quick flips when a property is market-ready.

I 100% agree with the intent aspect and that is an important premise, but the fact is in this particular situation intent for it to be personal use has been confirmed (by way of a public post).

Never making a large salary.Like you said, its incredibly important to make these big sacrifices before having a serious relationship and/or marriage and kids, because most times the significant other won't be on board to live so far away from everything.

One thing I’ll say about these markets, going back to 1960 houses etc. one, tenant vetting is important.