Turns out a bunch of crooked cops use the place to meet once a month and divide the loot they collect from area merchants in a protection racket.

The borrowers had no skin in the game and many ended up being crooks and setting up fraudulent deals.

Although I'm a little bit handy and could do some of the work on weekends my plan is to be a Businessman not a Handyman (heard that on a BP podcast and liked it so Im stealing it!)

If he doesn't, then it will go a small way toward paying somebody new to do the repairs ( he framed the sidewalk crooked so the concrete is poured crooked, some tile work is incorrect, etc).

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

You can also use sites that are set up to help you find estate sales like MegaEstateSales.com.It might be easier to create relationships with the estate liquidators - the estate sale listing sites usually have a way to contact them through the site and they might be able to give you a heads up on property steals.

Find some high end renovated or new construction apartments in your neighborhood- take a picture of all the finishes and steal your favorites (ideas that is- not the actual finishes from the apartment 😅)If you have 1-3 rentals you gotta be scrappy as you build your portfolio, don’t throw away your money unnecessarily!

There is temptation to steal, checks "lost in the mail", and a good amount of he said/she said. 

It was a near steal, in good condition, and generating a little over $2000 a month in rent.

When she was 27-years old I estimated her cash-out at $2.3 million.The big money is in multi-unit properties and I stay away from single-family properties unless I get them for a steal.