on my first rehab @Corey Shields I thought because I had been a contractor all my life that other contractors would respect me and do what I wanted,all the meant was the contractors tried that much harder to get over on me,do not pay these people until all work is completed and you are happyno exceptions ever don't care if the license is getting suspended or they need to pay anything.stick to your guns and live by your contractsgood luck 

If you go in with gun blazing, pointing your finger at the meter, they may well dig in.

I have no experience in real estate but I am very enthusiastic about learning and I am prepared to take the risk and put in the work necessary to be successful at it. 

Bottom line:  If you are looking at houses in a neighborhood and you think you would be more comfortable if you had a gun, don't buy there.The other MAJOR issue with bad neighborhoods is drugs.  

If you haven't been able to sell them, then this either points to your inexperience forming the appropriate contacts (which is expected when you're getting started) or they are simply not the deals you think.I'm trying not to be harsh here, but for every buyer who is a liar, there is an enthusiastic wholesaler just getting his or her feet wet.

this happened yesterday afternoon in Louisville. a Landlord went to tenant's home, knocked on door to collect rent, Tenant grabbed gun and shot Landlord several times while he was retreating to his vehicle.

Due to a bad partnership with my then and current father-in-law (what a huge mistake) the few buy and hold properties we had were sold and I was gun shy on the business.  

I was never a fan of it, but now that a lot of great points have been brought up, I will stick to my guns and continue to make sure potential tenants are able to verify their income. 

To be successful your wife must embrace the challenge and become enthusiastic about the prospect of being in business regardless of the risk.  

We have amazing 1st floor tenants and I think we are comparing everyone to them which is sort of hurting our judgment on people.Tenant A:Young couple (mid 20's) with a child who is about 9 months oldMake over 3x rent requirement and have 600+ credit scorehave been living on their own with rent less than what mine isonly guy works, girlfriend does notThey want to move in for July 1st (because they want to give their current landlord 30 days notice, plus need to have time to get money to move in - first, last, security)No major red flags here, pretty basic coupleTenant B:18 year old fisherman and his 17 year old girlfriend/fianceHave been living on their own, paying $200 more a month for rent (looking to downsize)He makes anywhere from 2-5k each trip out, which would be more than enough to cover rent, she works at Taco bell, but really she doesn't even need to work in order for them to meet income requirementsvery enthusiastic about moving and will literally move in tomorrow if they could.