@Dave Foster @Frank Jiang @Edward B.

Most people starting out to not mail to the right list, the copy is not perfected, and they run out of money or confidence before the 3rd or 4th touches.

Are you taking a "wait and see" approach, and are you really confident that we'll see any solid devaluations coming within the next 5 years?

This is if you feel confident you can find the best financing available for your deal without utilizing the Rolodex of a good mortgage broker#3 You're bankable.

I feel fairly confident about most aspects of rental properties other than paperwork.

I think my confidence took a hit which is silly based on what we all know.One takeaway from all of this is I think I need to consider working with an agent when I'm trying to purchase a property for myself.

I get intimidated being a novice,  but these replies give me confidence to speak up!

I feel I have a found some leads in my area outside of the Austin/San Antonio market. An elderly gentleman in his 70's has a few old rental properties that sit vacant and uncared for. The kicker, for me anyways, is th...

From the link you provided, this excerpt goes a long way towards making me feel more confident:"But courts will impose personal liability only on those individuals who are responsible for the corporation or LLC's wrongful or fraudulent actions; they won't hold innocent parties personally liable for company debts."

Attracting private lenders is much easier (and quite a bit more fun) once you have an established track record of success.On your maiden deal, you're probably not 100% confident you'll make enough money for yourself, much less for a private lender.I urge you to consider doing your first deal, however small it needs to be, with just your own money.