Lynn M. we are still learning from all those mistakes we made over the years.

I am glad I asked the experienced colleagues and did not make a mistake of building animosity or getting rid of a tenant that pays on time.

Putting one in the kitchen is a HUGE mistake.

If I could flip like the re-habbers here, I would go 100% plus leverage but I don't have that skill set so that leaves me to buying-n-holding for cashflow but considering ROI I might just sleep better off in the market for the long run......For me, deflation is more dangerous than inflation. .....I got that call initially correct in 08 by liquidating my entire portfolio but made the mistake of underestimating the FEDs willingness to make us Japanese.

I used think think the exact same way, until I realized that my logic was a little flawed.One of the biggest mistakes I ever made in my marketing efforts was to confuse MY opinions as the opinions of the market in which I'm working.

It isn't so much about underwriting risk, as it is about what a lender is comfortable he/she could deal with if they had to foreclose.So a good town, cosmetic-only rehab, with a borrower who has tens of thousands of capital in reserve to pay for their own mistakes?

And eventually they all moved out and I lost a month's worth of rent.But aside from my mistake, I've had every bit the best of luck with this area.

I can tell you all about learning from mistakes!

Definitely not an unfinished basement like that and folding chairs / tables would be a mistake as well.

Some of the blues fade to a good color, some just fade to look old.Baking in the sun like that, paint would fail pretty quick, so painting would be a mistake.