Different strokes for different folks but the 30 year fixed gives you a better safety net IMO, especially considering the rate is only .25% higher.

@Chris Strokes - @Alfie Bartley is also very interested in getting a team together to make these blockwide projects happen.

The first time I went was in June, but that time it was just about networking (no speakers) - it was a low turn-out that night (which they expected due to many graduations at several local high schools) and I was kind of overwhelmed at that meeting (my husband had just had a stroke the night before and was in the hospital and I was a long-term substitute teacher stressing about being prepared for Open House that was happening the next night - I didn't even want to go that night, I wanted to go to the hospital to be with my husband, but he insisted that I go). 

BP forums are chocked full of real experts, and yet they instead choose to put forth their inexperienced buddies, and people that tell the audience what they want to hear, to stroke their own egos and maximize ad revenue on podcasts instead of giving their viewers the best educational resources available ... a real shame. 

I do have a slight concern about the short sale on my record.Apologies up front for the big dump of questions as an intro, but I didn't want to risk muddying a different area of the forum with this broad stroke of a post.

Just seems to be painting with too broad a stroke to suggest that its smarter to buy a multifamily building than a sfh.

When I had my brain anuerism and stroke I had my own business and I had held a real estate broker license for about 30 years but I never did that full time.  

As in a Mortgage state this could take the better parts of a year or more to foreclose.And would you say that this is a correct statement.. " when buying a second the investor to protect themselves should be able to stroke a check at anytime to payoff the first"  Or is it just a calculated risk those that buy seconds take inherently in the deal...

Broad stroke/idea generating scenarios.  

I find the more experience I get, the less I pay attention to broad stroke rules and the more I focus on analyzing deals carefully and structuring them to fit my personal goals and lifestyle requirements.Your rental properties / business is a financial and lifestyle vehicle.